Ark Invest bought $39.4 million worth of Robinhood stock yesterday and sold $6.1 million of its own Bitcoin ETF holdings.

CoinFeed reported on April 30th that, according to The Block, Cathie Wood's Ark Invest bought approximately $39.4 million worth of Robinhood stock on April 29th, while simultaneously selling approximately $6.1 million of its own Ark 21Shares Bitcoin ETF. Robinhood's stock price fell 13.2% to close at $71.20 after reporting weak first-quarter earnings on Tuesday. The Ark 21Shares Bitcoin ETF saw a net outflow of $30 million that day, while US spot Bitcoin ETFs experienced a total net outflow of $137.8 million.