Bitcoin Proponent Cathie Wood Buys $2M Robinhood Shares

Cathie Wood Piles Up Robinhood And Coinbase Stocks Despite Uncertainty

Cathie Wood-led ARK Investment bought over 219,000 shares of Robinhood (NASDAQ:HOOD), valued at nearly $2 million.

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Robinhood is currently facing an investigation by the Securities and Exchange Commission regarding its cryptocurrency business.

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The SEC’s action against the financial services company amid regulatory scrutiny post FTX debacle.

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Robinhood shares are down over 7% in the last month.

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Robinhood is the 17th largest holding in Ark Invest fund with a weight of 2.61% according to ARK's website.

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Robinhood registered a 95% month-on-month increase in cryptocurrency trading volumes in January despite regulatory scrutiny.

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Robinhood Wallet is available to all iOS customers globally with Android support coming soon.

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