Crypto Finance & Earnings M&A & Corporate

ARK Invest Adds $34M Robinhood Stake as Bitcoin Slips Below $66K

Marcel Fuhrmann
/ 4 min read
Downward red arrow over stock chart on screen, glass office building, and document with cash flowing out as arrow stream

ARK Invest Buys $34 Million in Robinhood Shares as Bitcoin Drops Below $66,000 – Crypto Stocks and ETFs Face Renewed Outflows

Key Takeaways

  • ARK Invest purchased 433,806 Robinhood shares worth about $33.8 million as Bitcoin briefly fell below $66,000.
  • The firm also acquired $11.6 million in Bullish shares and $4.4 million in Circle shares.
  • US spot Bitcoin ETFs recorded $276.3 million in daily net outflows, reducing weekly inflows to $35.3 million.
  • Robinhood is now the largest crypto-linked holding in ARK Innovation ETF, representing around 4.1% of the portfolio.

ARK Invest Increases Exposure to Crypto-Linked Stocks During Market Weakness

ARK Invest, led by Cathie Wood, added significantly to its crypto-related equity positions on Wednesday as Bitcoin briefly dipped below $66,000. According to trade notifications, the firm bought 433,806 shares of Robinhood, valued at approximately $33.8 million.

In addition to Robinhood, ARK acquired 364,134 shares of crypto exchange Bullish, worth $11.6 million, and 75,559 shares of Circle, the issuer of the USDC stablecoin, valued at $4.4 million.

All three stocks were trading lower on the day of purchase. Robinhood shares declined nearly 9%, based on TradingView data. The purchases followed a broader period of volatility in digital asset markets and related equities.

ARK did not add to its Coinbase position. The firm had sold $17 million worth of Coinbase shares the previous week and refrained from new purchases during the latest round of buying.

Robinhood Becomes Largest Crypto Position in ARK Innovation ETF

Following the latest transaction, Robinhood stands as the largest crypto-linked holding in ARK’s flagship ARK Innovation ETF (ARKK). As of Feb. 11, the position accounted for approximately 4.1% of the fund’s portfolio, representing about $248 million.

The increased allocation comes shortly after Robinhood announced the official testnet launch of Robinhood Chain. The company described the project as a permissionless layer 2 blockchain designed for financial services and tokenized real-world assets.

Earlier in the week, Robinhood reported financial results for the fourth quarter of 2025. The company posted net revenue of nearly $1.28 billion, reflecting a 27% year-over-year increase. However, the figure fell short of Wall Street expectations of $1.34 billion. Following the earnings release, the stock declined about 8%.

The combination of earnings results, blockchain development announcements, and broader crypto market movements contributed to heightened volatility in Robinhood shares.

Bitcoin ETFs See $276 Million in Outflows as Prices Weaken

The broader weakness in crypto markets extended to US spot Bitcoin exchange-traded funds. After a three-day streak of inflows, Bitcoin ETFs recorded $276.3 million in net outflows on Wednesday, according to SoSoValue data.

These outflows nearly erased weekly gains. Net inflows for the week stood at $35.3 million following the latest withdrawals. Total assets under management across US spot Bitcoin ETFs declined to $85.7 billion, marking the lowest level since early November 2024.

Ether ETFs also experienced negative flows, with $129.2 million in daily outflows. XRP funds reported no inflows, while Solana ETFs posted modest net inflows of approximately $0.5 million.

At the time of publication, Bitcoin was trading at $67,227, up 0.4% over the previous 24 hours, according to CoinGecko data. The brief move below $66,000 occurred during a period of sustained volatility in crypto investment products.

Recent Outflow Trends in Crypto Investment Products

The latest ETF withdrawals follow three consecutive weeks of outflows from crypto investment products totaling more than $3 billion. Analysts had previously pointed to the possibility of an inflection point after a short period of renewed inflows, but the most recent data shows that momentum has not yet stabilized.

The renewed outflows reflect ongoing sensitivity in institutional and retail investment vehicles tied directly to Bitcoin and other digital assets. For users monitoring crypto exposure through regulated financial products, ETF flows serve as an indicator of capital movement and investor positioning.

The decline in ETF assets under management and the simultaneous drop in crypto-linked equities highlight how closely public market instruments remain tied to underlying digital asset prices.

Our Assessment

ARK Invest increased its exposure to Robinhood, Bullish, and Circle as Bitcoin briefly traded below $66,000 and crypto-linked stocks declined. Robinhood now represents the largest crypto-related position in ARK Innovation ETF. At the same time, US spot Bitcoin ETFs recorded significant net outflows of $276.3 million, reducing weekly gains and bringing total assets under management to their lowest level since November 2024. The data shows concurrent weakness across digital assets, exchange-traded funds, and publicly traded crypto companies.