# Cathie Wood's ARK Buys Robinhood Shares After Slide

> ARK Invest purchased $9.1 million of Robinhood shares following a 23% monthly drop.
- Title: Cathie Wood's ARK Buys Robinhood Shares After Slide | Shortify
- Summary: ARK Invest purchased $9.1 million of Robinhood shares following a 23% monthly drop. ARK Invest bought $9.1 million worth of Robinhood shares after its stock…
- Keywords: cathie wood, ark invest, robinhood, robinhood shares, ark innovation etf, ark next generation technology etf, ark blockchain fintech innovation etf, robinhood stock, crypto transaction revenue, prediction markets, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/de55051a-4946-4f24-afbd-5517819cb0b7
- Author: BigGo Finance
- Published: 2026-10-29T11:25:14+00:00
- Read time: 1 min
- Topics: cathie wood, ark invest, robinhood, robinhood shares, ark innovation etf, ark next generation technology etf, ark blockchain fintech innovation etf, robinhood stock, crypto transaction revenue, prediction markets, finance, markets
## ARK Invest Buys Robinhood Shares
ARK Invest purchased about $9.1 million of Robinhood shares on Wednesday, its largest purchase since April.
## Shares Purchased Across Three ETFs
The firm bought 99,418 shares across the ARK Innovation, Next Generation Technology and Blockchain & Fintech Innovation ETFs.
## ETF Breakdown
ARK Innovation ETF held 69,604 shares valued at $6.4 million, while ARK Next Generation Technology ETF added 17,699 shares worth $1.6 million.
## Robinhood Stock Decline
Robinhood shares fell 23% over a month, extending a one-month drop to $89.70 in premarket trading.
## Q3 Results Show Crypto Slump
Crypto transaction revenue dropped 55% to $120 million as trading volume fell 38% to $50 billion.
## Wall Street Cuts Price Targets
Scotiabank lowered its target to $124 from $136, while Goldman Sachs, JPMorgan and others cut their targets.
## Key takeaway

ARK Invest bought $9.1 million worth of Robinhood shares after its stock fell 23% in a month.