Overview

• On Aug. 19, ARKK bought 356,346 Bullish shares for about $21.2 million and 150,908 Robinhood shares for roughly $16.2 million.
• Tuesday’s purchase marked a third consecutive trading day of Robinhood accumulation following buys of about $9 million on Friday and $14.2 million on Monday.
• Following the latest trade, ARKK holds 1,165,397 Bullish shares valued near $73.85 million, building on roughly $172 million of Bullish stock bought across multiple ETFs at the IPO.
• Bullish closed down 6.09% to $59.51 and Robinhood fell 6.54% to $107.50 on Aug. 19 during a broader pullback in crypto-linked equities.
• The recent purchases increased Robinhood’s weight in ARKK, with reporting placing the allocation at roughly 4.1%.