Posted 11/9/2023, 5:41:00 AM
ARK Invest Buys Over $9.5 Million in Robinhood Stock After Europe Expansion Plans Announced
- ARK Invest bought over $9.5M worth of Robinhood stock a day after it announced plans to expand in Europe.
- ARK Innovation, Next Gen Internet, and Fintech Innovation ETFs purchased over 1.1M Robinhood shares.
- Robinhood outlined European expansion plans including U.K. brokerage launch and EU crypto trading.
- Robinhood stock is up just 2.7% YTD despite bitcoin's 110% gains.
- ARK Next Gen Internet ETF sold $1.34M worth of GBTC, its largest holding.