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Event File CRYPTO Robinhood

Cathie Wood Adds to Robinhood Stake, Bets on Long-Term Crypto Prospects

1 reports · First detected 2026-04-30 · Last active 2026-04-30

Robinhood’s business centers on retail trading in stocks, options and cryptocurrencies, leaving its results highly sensitive to market activity. The company reported first-quarter earnings on April 28, 2026, that missed market expectations because of weak cryptocurrency trading, sending its shares down nearly 12%. Investors are now weighing whether the slump marks a cyclical low or a weakening of Robinhood’s core growth engine.

On April 29, the day after the results, Cathie Wood’s ARK Invest bought more than 500,000 Robinhood shares through three ETFs for about $39.7 million, its largest single-day purchase this year. Cantor Fitzgerald maintained an Overweight rating and a $110 price target, saying a rebound in stock and options trading in April, together with the Rothera prediction-market platform, could offset near-term weakness in the cryptocurrency business.

All Coverage

1 original reports
COINDESK.COM 2026-04-30
From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s crypto slump is just a temporary speed bump

The Backstory

The history behind this event
Cathie Wood’s ARK Invest Defies Market Slump to Buy Four Crypto Stocks, Including Coinbase2026-07-01 · 4 reports · similarity 0.80

Cathie Wood’s ARK Invest runs actively managed ETFs focused on disruptive innovation and buys into market declines to maintain portfolio weightings. Coinbase, Circle, Bullish and Robinhood span exchanges, stablecoins and retail brokerage, making them key gauges of crypto-finance infrastructure. Wood has also argued that inflation is cooling and monetary policy could ease, citing annual unit labor cost growth of just 0.5%.

On June 25, 2026, ARK bought 9,014 Coinbase shares, 9,264 Circle shares, 9,136 Bullish shares and 35,023 Robinhood shares through ARKK, ARKW and ARKF. The purchases were worth an estimated $5.4 million based on that day’s closing prices. ARK stepped up its buying over the full month, purchasing about $44 million of Coinbase, $25.25 million of Circle and $8.2 million of Bullish shares. Circle fell 40% in June.

Ark Invest Adds Coinbase and Robinhood Shares as Market Slides2026-03-04 · 1 reports · similarity 0.85

Coinbase is a major U.S. cryptocurrency exchange, while Robinhood began as a zero-commission brokerage and has expanded its crypto business. Both companies’ shares are highly sensitive to market risk appetite and trading volumes. Cathie Wood’s Ark Invest uses actively managed ETFs to invest in disruptive innovation, and its decision to buy amid a geopolitical shock reflects a long-term bet on the growth of crypto-related stocks.

Ark Invest bought 22,452 Coinbase shares through ARKK, ARKW and ARKF on March 3, 2026, worth about $4.1 million based on the closing price of $182.36. It also purchased 158,587 Robinhood shares, worth about $12 million at $76.07 each. The stocks fell 1.55% and 3.44%, respectively, that day, and details of the trades were disclosed the following day, March 4.

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