Cathie Wood's ARK Invest Purchases $9.54M of Robinhood Shares Ahead of UK Launch
Benzinga
Benzinga
  • 6 months ago
Cathie Wood's ARK Invest purchased over 1.1 million shares of Robinhood worth $9.54 million based on Wednesday's closing price of $8.36. This was the day after Robinhood announced plans to expand into Europe by launching brokerage operations in the UK and crypto trading in the EU. Robinhood's stock is only up 2.7% year-to-date despite bitcoin gaining over 110%, indicating demand has been weak despite the crypto bull market.
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