Odaily Planet Daily News Cathie Wood's ARK Invest reduced its holdings of 66,200 shares of Robinhood (HOOD) on June 7, worth about $1.468 million. Earlier, trading platform Robinhood announced on Tuesday that it had agreed to acquire cryptocurrency exchange Bitstamp to expand its global crypto business and attract institutional clients through new products. According to the press release, the $200 million all-cash transaction is expected to be completed in the first half of 2025. Barclays Capital and Galaxy Digital are advisors to Robinhood and Bitstamp for this transaction.