Ark Invest, led by Cathie Wood, acquired $21.3 million worth of Robinhood Markets shares through its exchange-traded funds on October 23, 2025. The ARK Innovation ETF (ARKK) purchased 131,049 shares, while the ARK Next Generation Internet ETF added 36,440 shares, with Robinhood now representing roughly 19% of both ETFs.
This move underscores Ark's bullish stance on crypto-related platforms, as the firm has steadily increased exposure to companies like Bullish, Coinbase, and BitMine—an Ethereum treasury firm—throughout the year. Robinhood has aggressively expanded its crypto operations, including acquiring WonderFi for $180 million in May and Bitstamp for $200 million in June, while planning a Layer 2 blockchain on Arbitrum to boost transaction efficiency and scalability.
Robinhood's crypto trading volume rose to $28.3 billion in Q2 2025, a 24% year-over-year increase. Johann Kerbrat, General Manager of Robinhood Crypto, emphasized the strategic benefits, stating, "We are combining the strengths of the two businesses... to get into this space without starting from scratch." Institutional sentiment remains positive, with options data showing about 60% bullish activity on Robinhood stock, and economists projecting earnings of 51 cents per share and revenue of $1.19 billion for the upcoming quarterly report.
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