ARKF
ARKW
HOOD
ARK’s version of “buy low, panic never”
Robinhood had a rough Wednesday: the stock got punched 13.2% after a weak Q1 update, and ARK Invest responded by scooping up $39.4 million worth of shares across ARKK, ARKW, and ARKF. Classic Cathie Wood move — while the market is busy throwing tomatoes, ARK is apparently looking for the sale rack.
Why the stock got hit
The pain wasn’t random. Robinhood said crypto revenue fell 47% to $134 million, and trading volumes dropped 48%. That’s a brutal reminder that when the crypto party cools off, Robinhood’s revenue can feel it in its bones. On the bright side, the company still posted net income of $346 million, up 3% year over year.
The tug-of-war in the tape
ARK’s buy came while it was also trimming its own ARK 21Shares Bitcoin ETF position, selling $6.1 million worth of shares. That’s the kind of portfolio choreography that makes you squint: bullish on Robinhood, less eager on its Bitcoin wrapper. Meanwhile, Bernstein kept a $130 price target on HOOD, basically telling investors the weak quarter was already baked in.
What investors should watch next
Robinhood is still sitting on some potentially juicy catalysts, including the mid-2026 Rothera exchange launch and Trump Accounts, which already have 5.5 million sign-ups out of 60 million eligible kids. But near term, the chart looks bruised — the stock closed at $71.20, right on top of key support around $70 to $71. If that floor cracks, the next stop people are watching is $63.
Big picture: ARK is betting the stock’s latest collapse is a speed bump, not a cliff. The market, as usual, is asking whether that’s genius or just very expensive optimism.