Cathie Wood’s ARK Invest dumped 1.6 million Robinhood shares on March 25, netting $31.5 million.
ARK Invest started dumping large amounts of Robinhood stock for the first time after aggressively buying HOOD shares last year.On March 25, ARK dumped 1.6 million Robinhood shares from its three funds, according to a trade notification seen by Cointelegraph.
The most significant portion — or 1,247,181 shares — was offloaded from the ARK Innovation ETF , worth about $24 million. ARK also offloaded 275,933 and 128,137 HOOD shares from the ARK Next Generation Internet ETF and ARK Fintech Innovation ETF , respectively. ARK’s latest Robinhood sale is the largest one since the company started actively stacking HOOD stock last year. The sales came amid Robinhood seeing significant success with price surging 36% over the past 30 days.Coinbase to launch DOGE futures, says it ‘transcended’ meme originsThe top three assets are Coinbase , which accounts for 10.6% as of March 26, Tesla , and Roku , which make up 8.4% and 7.5%, respectively.
. On March 25, ARK acquired 740,115 Roblox shares for its three funds, including ARKK, ARKW and ARKF. The amount is worth $27 million at the closing price on Monday,
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