ARK Invest Buys $39 Million of Robinhood Shares, Betting on Singapore Expansion
Robinhood began as a zero-commission U.S. brokerage and has expanded in recent years toward becoming a financial “super app” with a broader international presence. Its revenue, however, remains vulnerable to fluctuations in U.S. trading activity and cryptocurrency demand. Regulatory approval in Singapore, a major Asian financial hub, could help diversify its exposure to a single market and support expansion into securities, derivatives and asset-custody services.
On April 23, 2026, Robinhood received in-principle approval from the Monetary Authority of Singapore to prepare services covering securities, exchange-traded derivatives, custody and collective investment funds. After the company reported weaker-than-expected first-quarter profit on April 28, ARK Invest bought 553,892 shares through three ETFs on April 29, worth about $39.4 million based on that day’s closing price.
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The history behind this eventARK Invest Adds Nearly $13 Million to Robinhood Stake
“Trump Accounts” are tax-advantaged investment accounts established by the U.S. government for people under 18. Eligible children born from 2025 through 2028 can receive $1,000 in seed funding. On April 6, 2026, the U.S. Treasury appointed BNY as financial agent, while Robinhood will serve as broker and initial custodian, giving the platform a role in nationwide youth investment infrastructure.
On April 7, 2026, Cathie Wood’s ARK Invest bought a combined 182,641 Robinhood shares through ARKK, ARKW and ARKF. The purchase was worth about $12.7 million at the closing price of $69.65, close to $13 million, and marked ARK’s first increase in its position in nearly a month. Robinhood rose more than 7.5% in after-hours trading to $74.92.
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