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ARK Sells HOOD Again on Wednesday as Robinhood Hits 1M Gold Card Users, Launches Platinum Card

2026-07-23 10:56:12

HOOD-1.77%

CRCL-6.90%

COIN-5.57%

According to ARK's daily trade disclosures, ARK Innovation ETF (ARKK) sold 85,969 shares of Robinhood (HOOD), or 0.1475% of the fund, on Wednesday (July 22), while ARK Next Generation Internet ETF (ARKW) unloaded 11,356 shares, or 0.0684% of the fund. The sales continue ARK's month-long rotation out of HOOD to fund purchases of crypto infrastructure names including Circle and Coinbase.

On the same day, Robinhood CEO Vlad Tenev announced two milestones: the company's Gold Card reached 1 million cardholders, and the firm launched its premium Platinum Card with credit limits up to five times higher than the Gold Card offering.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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