Cathie Wood Reinvests $3.5M in Robinhood After Recent Sell-Off

火星财经消息：On September 7, it was reported that Cathie Wood’s ARK Innovation ETF purchased 28,589 shares of Robinhood (HOOD) on September 4, valued at approximately $3.5 million based on the closing price of $122.11 per share. This marks Wood’s re-entry into Robinhood after recently reducing her position; she had sold 25,009 shares on August 26. Robinhood’s stock has risen over 30% in the past month, while Bitcoin has increased by approximately 23% and approached $80,000. On September 4, Deutsche Bank raised its price target for Robinhood from $115 to $136 and maintained a “Buy” rating, citing significantly stronger-than-expected fee revenue growth from Robinhood Chain. Data shows that daily revenue on the chain was below $200,000 in mid-August but rose to $3.38 million on September 1 and $4.01 million on September 2; Deutsche Bank expects the annualized revenue run rate to exceed $100 million. As of September 4, Robinhood had become the seventh-largest holding in the ARK Innovation ETF, accounting for 4.28% of the fund’s weight. Additionally, Wood recently bought shares in Veracyte, Intellia Therapeutics, and the 3iQ Solana Staking ETF, while reducing positions in Tempus AI and Twist Bioscience.