Cathie Wood’s Ark Invest Loads Up on Robinhood, Trims Bitcoin ETF, Bets Big on Solana

Key Takeaways

• Ark Invest doubled down on Robinhood, buying more than 60,000 shares during the recent market decline.
• The firm also trimmed its Bitcoin ETF holdings, likely part of a routine portfolio rebalance.
• Cathie Wood’s fund made a $5.2 million investment in 3iQ’s new Solana Staking ETF.

Cathie Wood’s Ark Invest made headlines last week with a series of bold portfolio moves, signaling long-term confidence in innovation sectors despite choppy markets.

The firm took advantage of a dip in Robinhood , sold part of its own Bitcoin (BTC) exchange-traded fund (ETF), and made a sizable new bet on Solana (SOL) via a staking-focused ETF.

Doubling Down on Robinhood

Ark’s flagship ARK Innovation ETF (ARKK) bought 60,266 shares of Robinhood (HOOD) last Wednesday, a roughly $2.45 million investment that was timed with a sharp drop in the stock.

Robinhood fell 7.8% the previous day after Fed Chair Jerome Powell’s comments shook investor sentiment.

This is Ark’s second Robinhood purchase in April. Earlier this month, the firm bought 36,250 shares worth about $1.4 million for ARKK.

Ark has consistently backed Robinhood despite its volatility, viewing short-term dips as buying opportunities for a platform central to retail trading.

Meanwhile, Ark offloaded smaller stakes in a few other companies:

• UiPath (PATH): 234,788 shares sold from ARKF
• Repare Therapeutics (RPTX): 9,610 shares sold from ARKG
• Prime Medicine (PRME): 88 shares sold from ARKK

Trimming Its Bitcoin ETF Position

In a move that surprised some, Ark also trimmed its holdings in the ARK 21Shares Bitcoin ETF (ARKB). It sold 31,817 shares from the ARKW fund, worth around $2.7 million.

This reduction came just as Bitcoin ETFs began rebounding, pulling in over $76 million in net inflows last week. At the time of the sale, Bitcoin was trading below $84,400.

Still, Ark’s $3.9 billion Bitcoin ETF remains one of the largest in the space. The timing of the sale suggests a strategic rebalance rather than a bearish pivot.

A $5.2 Million Bet on Solana Staking

Perhaps the most eye-catching trade of the week was Ark’s $5.2 million investment in the newly listed 3iQ Solana Staking ETF (SOLQ.U).

Ark’s ARKF and ARKW funds scooped up 500,000 shares as the ETF debuted on the Toronto Stock Exchange.

Backed by SkyBridge Capital, the fund offers exposure to SOL and staking rewards, tapping into the growing interest in yield-generating digital assets.

The timing aligned with a 5% Solana (SOL) rally last week, which rose to over $132 and continued around Easter.

However, SOL’s price hasn’t shown any particular movement following the announcement. It is trading at $139.23 , down by 1.4% from yesterday.