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<p>The post <a href="https://coinpedia.org/crypto-live-news/ark-invest-offloads-7m-robinhood-shares-hood-dips-by-2/">Ark Invest Offloads $7M Robinhood Shares, HOOD Dips By 2%</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cathie Wood’s Ark Invest offloaded more than $7 billion worth of Robinhood shares on Monday, following which the HOOD stock plunged by 2.13% to $22.92 on Tuesday. It offloaded 323,801 shares of Robinhood, distributed across three of its funds: Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). The move comes amidst Ark Invest’s rebalancing of its portfolios, focusing on high-growth sectors such as biotechnology and technology. The firm has continued divesting Robinhood shares despite its recent acquisition of Bitstamp.</p>

Ark Invest Offloads $7M Robinhood Shares, HOOD Dips By 2%

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