Ark Invest’s flagship fund, ARK Innovation ETF (NYSE:ARKK), purchased 60,266 shares of Robinhood Markets Inc. on Wednesday. The trade, valued at approximately $2.45 million, was made as Robinhood’s stock faced a sharp decline. The stock closed at $40.66, down 7.76% on Wednesday following Powell’s remarks about inflation and trade tariffs, which spooked the market. Robinhood, heavily reliant on retail trading, is particularly sensitive to such market volatility. Robinhood’s user base, largely consisting of retail investors, may reduce trading activity in uncertain environments, adding pressure on the company’s performance.

In another notable move,  ARK Next Generation Internet ETF (NYSE:ARKW) fund sold 31,817 shares of the ARK 21Shares Bitcoin ETF. The ETF closed at $84.15, marking a slight increase of 0.38%. This trade, worth $2.7 million, comes as Bitcoin ETFs are showing signs of recovery after a challenging period. According to recent reports, Bitcoin ETFs recorded $76.4 million in net inflows, signaling a rebound after significant outflows. Over 24 hours, Bitcoin (CRYPTO: BTC) traded nearly 1% higher at $84,350.98.

Ark Invest also made a significant purchase of 500,000 shares of the 3iQ Solana Staking ETF across its Ark Fintech Innovation ETF (NYSE:ARKF) and ARKW funds. SOLQ.U closed at $10.34 on Wednesday, making the Ark transaction worth $5.2 million. The ETF began trading on the Toronto Stock Exchange on Wednesday, with its largest unitholders including Anthony Scaramucci founded and managed SkyBridge Capital. It invests in long-term holdings of Solana (CRYPTO: SOL), which are bought from over-the-counter counterparties and aims to give investors “attractive staking rewards, according to a statement released by 3iQ, which calls itself the world’s first Digital Assets Managed Account Platform. Over a 24-hour period, Solana shot up over 5% to $132.08.