Recent news regarding Robinhood indicates that Ark Invest, led by Cathie Wood, continues to increase its stake in HOOD shares.
Increase in Ark Invest's Stake in Robinhood
Ark Invest purchased 150,908 shares of HOOD for approximately $16.2 million. This transaction marks the third consecutive day of buying, indicating sustained interest from the firm in Robinhood. In the previous days, Ark also increased its investments in the company by $14 million and $9 million respectively.
Investments in Bullish
Ark Invest is also actively acquiring shares of Bullish (BLSH). On August 19, the firm purchased 356,346 shares for approximately $21.2 million. Currently, the ARK Innovation ETF holds over 1.16 million Bullish shares with an estimated total value of around $73.85 million.
Expansion of the Robinhood Platform
Robinhood recently added the SUI token, which is the native token of the Sui blockchain created by Mysten Labs. This expansion of their crypto listings reflects the company's desire to attract crypto traders and solidify its position in the rapidly evolving digital asset market.
Ark Invest's recent stock purchases in Robinhood and the addition of new cryptocurrencies emphasize the company's role as a key player at the intersection of traditional financial markets and the digital economy.
