Robinhood, Draftkings — Cathie Wood’s Last Trades For 2021 – Dogecoin – United States Dollar ($DOGE)

Cathie Wooden’s Ark Funding Administration on Friday closed the yr by shopping for shares in Robinhood Markets Inc (NASDAQ:HOOD) and Draftkings Inc (NASDAQ:DKNG) on the dip.

The favored cash supervisor purchased 563,570 shares — estimated to be price $10 million — within the zero-commission buying and selling app that offers in shares, exchange-traded funds and cryptocurrencies.

Robinhood inventory closed 2.4% decrease at $17.7 a share on Friday. The inventory is down 49% since going public in July.

Ark Make investments purchased Robinhood shares through the Ark Innovation ETF (NYSE:ARKK) and the Ark Subsequent Era Web ETF (NYSE:ARKW). The Ark Fintech Innovation ETF (NYSE:ARKF) too owns shares in Robinhood. 

Ark Make investments held a complete of 20.18 million — price $378.75 million — in Robinhood, previous to Friday’s commerce. 

See Additionally: Cathie Wooden Hundreds Up $6.6M In Robinhood On The Dip

Robinhood final month acquired Cove Markets, a cross-exchange buying and selling platform. This was the primary such acquisition for Robinhood Crypto, because it prepares to roll out cryptocurrency wallets.

The wallets would permit Robinhood customers to deposit or withdraw cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).

The St. Petersburg, Florida-based Ark Make investments additionally purchased 38,846 shares — estimated to be price $10 million — in DraftKings. The inventory closed 3.5% decrease at $27.5 a share on Friday.

Ark Make investments has been elevating its publicity within the sports-betting firm for a while and held 19 million shares price $540.8 million in DraftKings, previous to Friday’s commerce.


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