Cathie Wood’s ARK Invest snapped up more than $11 million worth of Robinhood (NASDAQ: HOOD) shares after the trading platform’s stock slid sharply.
Alongside the Robinhood purchase, ARK Invest also increased exposure to its own spot Bitcoin exchange‑traded fund, ARK 21Shares Bitcoin ETF (ARKB).
The latest purchase came two months after Wood’s firm snapped up HOOD shares worth $21.3 million on Oct. 23.
Related: Robinhood’s strategy to simplify crypto investing for beginners
Robinhood sees reduced trading volumes
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