ARK Invest Boosts Holdings as Robinhood Reaches New High

Cathie Wood's ARK Invest continued its support for Robinhood Markets (HOOD) by adding $3.6 million in shares after a 17% weekly surge.

The purchase of 28,589 shares was made through the ARK Innovation ETF (ARKK), where it accounted for about 0.0528% of the fund.

RH's rally followed some sell-side firms raising their outlooks on the company, citing growth opportunities in prediction markets, banking, and crypto infrastructure.

The brokerage has been expanding its services beyond traditional trading, with event-contract revenue reaching $156 million in Q2 2026, surpassing crypto revenue for the first time.

However, Robinhood is facing a public dispute with AMC Entertainment Holdings (AMC) over tokenized versions of AMC stock, which some have criticized as not being registered under U.S. securities laws.