ARK Invest buys the dip: purchases $21M Bullish, $16M Robinhood shares

ARK Invest buys the dip: purchases $21M Bullish, $16M Robinhood shares

ARK Invest’s ARK Innovation ETF purchased $21.2 million in Bullish shares (356,346) and $16.2 million in Robinhood shares (150,908) amid a crypto stock sell-off. This follows ARK’s $172 million Bullish buy last week and consistent Robinhood purchases. Both stocks dropped Tuesday, with Bullish down 6.09% to $59.51 and Robinhood falling 6.54% to $107.50, per the finance card above. The broader crypto equity market also declined, with Coinbase, Galaxy Digital, Strategy, and Circle losing value. Investors await Federal Reserve signals from the Jackson Hole symposium.