Cathie Wood’s Ark snaps up $80M Robinhood shares after crypto led price dip By Cointelegraph

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Ark Make investments, the funding administration agency targeted on modern expertise led by Cathie Wooden, took benefit of a value dip on Wednesday to purchase practically $80 million value of Robinhood (NASDAQ:) inventory.

Per every day buying and selling information, Wooden’s Ark bought a complete of two.24 million shares of Robinhood throughout three of Ark’s ETF funds, with the vast majority of shares going to the flagship fund Ark Innovation ETF. Robinhood now accounts for 1.33% of the Innovation exchange-traded fund (ETF).