Cathie Wood-Lead Ark Invest Dumps $7.6M Worth Of Robinhood Shares Amid GameStop Buzz, Bitcoin Choppiness – Markets Insider

Cathie Wood, the head of Ark Invest, has sold off $7.6 million worth of shares in Robinhood amidst all the buzz surrounding GameStop and the volatility of Bitcoin. This move comes as no surprise as Wood has been known for making strategic decisions when it comes to her investments. The decision to dump Robinhood shares could be seen as a way for Wood to capitalize on the recent market trends and protect her firm’s assets. It will be interesting to see how this move plays out in the long run and what other investments Wood will make in the future.