Cathie Wood bets big on Ethereum, dumps Robinhood – Details
The post Cathie Wood bets big on Ethereum, dumps Robinhood – Details appeared on BitcoinEthereumNews.com.
Journalist Posted: September 10, 2025 Key Takeaways Cathie Wood’s ARK Invest has boosted its Ethereum exposure by increasing its BitMine Immersion Technologies holdings, signaling strong confidence in ETH’s long-term potential. ARK Invest, the asset management firm led by Cathie Wood, has ramped up its exposure to crypto-linked equities with a fresh investment in BitMine Immersion Technologies. On the 8th of September, the company disclosed that it purchased BitMine shares worth $4.46 million across three of its exchange-traded funds, even as it trimmed its position in Robinhood. Why BitMine? The move comes as BitMine (BMNR), an Ethereum [ETH]-focused treasury company, posted gains in both regular and after-hours trading. At press time, too, its stock price was trading at $44.08 after a hike of 0.67% in the past 24 hours, as per Yahoo Finance. This was all because of the firm’s massive ETH holdings. The company is currently the largest corporate holder of ETH, with estimates ranging between 1.78 million and more than 2 million tokens, equivalent to roughly 1.7% of the total supply. Earlier this year, BitMine also turned a $20 million stake in Eightco Holdings into an astounding $628 million within a single trading day, following a 3,000% surge in OCTO’s stock price tied to its Worldcoin [WLD] Treasury announcement. Such high-profile gains have further cemented BitMine’s reputation as a powerhouse within the crypto-treasury space. Why is ARK Invest giving up on Robinhood? At the same time, ARK rebalanced its portfolio by cutting exposure to Robinhood Markets. The ARK Next Generation Internet ETF (ARKW) sold nearly 44,000 Robinhood shares worth around $5.1 million, even as the stock surged 16% on the 8th of September after being added to the S&P 500 index. Wood’s funds also trimmed around 10,000 shares of Teradyne, though the Robinhood sale stood out as the most…
Filed under: News - @ September 10, 2025 6:30 am