According to CoinMeta, ARK Invest, a subsidiary of Cathie Wood, purchased Robinhood stocks worth approximately $9.1 million on Wednesday, which represents the largest purchase of this stock by the institution since April 29th. At the beginning of this month, ARK carried out a sale, selling Robinhood stocks worth about $47.5 million between October 6th and October 9th, with the stock closing between $107 and $112 at that time. This purchase occurred after Robinhood released its third-quarter financial report, which showed that its cryptocurrency trading revenue decreased by 55% to $120 million year-on-year, and cryptocurrency trading volume fell by 38% to $50 billion.