๐Ÿš€ ARK Invest, led by Bitcoin enthusiast Cathie Wood, has offloaded 1.4M Robinhood shares worth $36.4M from its three funds. This move ensures compliance with Rule 12d3-1, which caps holdings at 5% of a portfolio's total weight.

๐Ÿ“ˆ Despite the sale, Robinhood's stock has surged over 100% YTD, hitting multiyear highs. ARK still holds $274M in Robinhood, but Coinbase remains a top pick with $368M in holdings, making up 6.6% of ARKKโ€™s portfolio.

Stay tuned for more market magic! โœจ