ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW) collectively acquired a total of 124,427 shares of Robinhood. The purchase was valued at approximately $15.35 million, based on Robinhood’s closing price of $123.38.

This acquisition follows Robinhood’s recent initiatives to broaden its crypto services, including the introduction of new trading pairs for XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and Dogecoin (CRYPTO: DOGE) in European markets. The expansion aims to attract advanced traders, offering up to 7x leverage on perpetual futures pairs.

Despite these strategic expansions, Robinhood’s stock declined 9.05% on Thursday. The drop followed a performance snapshot revealing slower trading activity in November, though deposit growth and margin balances increased. Analyst Craig Siegenthaler from Bank of America Securities maintained a Buy rating on the stock but adjusted the price target from $166 to $154.

• ARKF sold 14,032 shares of Ibotta Inc. while ARKW sold 12,667 shares.
• ARKG purchased 36,554 shares of Schrodinger Inc.
• ARKG bought 26,928 shares of Nurix Therapeutics Inc.
• ARKF acquired 9,204 shares of ARK 21Shares Bitcoin ETF while ARKW purchased 4,496 shares. The transactions amounted to approximately $417,439.