Cathie Wood’s ARK Invest bought over $11 million of Robinhood shares after a stock decline. They also increased exposure to ARK 21Shares Bitcoin ETF. Despite a slowdown in trading activity, Robinhood remains a core holding in Wood’s funds. ARK Invest purchased 96,048 shares of Robinhood for ARKK, valued at $11.9 million.

In November, Robinhood saw a decline in trading volumes, with crypto trading at $28.6 billion and equity trading at $202 billion. This led to a 9% drop in HOOD shares. Despite this, Robinhood remains a significant position in ARKK and ARKW. ARK Invest added 28,379 shares of Robinhood to ARKW, totaling around $15.4 million.

Despite volatility, ARKB saw net outflows after the latest Federal Open Market Committee meeting. ARK Invest bought 13,700 shares of ARKB for its Ark Next Generation Internet and Ark Fintech Innovation funds. At the time of purchase, Bitcoin traded near $90,160.13. Overall, ARK Invest remains active in the market, making strategic purchases.

Read more at Yahoo Finance: Cathie Wood buys $11M of sinking crypto stock again