Cathie Wood bets on Ethereum – Robinhood shares sold

INFBusiness
15.09.2025
Markets

Cathie Wood, with her fund ARK Invest, has been an early bettor in tech and crypto winners. Investments in Tesla, Coinbase, and the first Bitcoin ETF have earned her a reputation as a star investor. With her strategy of allocating capital to disruptive technologies early on, she is shaping the discussion at the intersection of tradfi and crypto.

New reallocations: Ethereum instead of Robinhood

On September 8, ARK Invest purchased a total of 101,950 BitMine shares through the ARKF, ARKK, and ARKW funds. The investment amounts to approximately $4.46 million. The purchases relate to BitMine Immersion Technologies (BMNR), a company that is currently the largest publicly traded Ethereum holder worldwide with more than 2.1 million ETH, corresponding to approximately 1.8 percent of the total supply. The stock was last quoted at $44.08.

At the same time, ARK sold 43,728 Robinhood shares, valued at approximately $5.1 million. Notably, the sale occurred despite a 16 percent share price increase following Robinhood's inclusion in the S&P 500 Index. ARK also reduced smaller positions such as Teradyne (approximately 10,000 shares).

Context: Crypto IPOs and new investments

The shift toward Ethereum fits with the trend in the capital markets: Bullish recently went public on the New York Stock Exchange. ARK itself has also increased its position in Bullish. Thus, Wood is increasingly betting on the next generation of publicly traded crypto companies.

Another indication: BitMine made headlines earlier this year when it turned a $20 million investment in Eightco Holdings into a 3,000 percent rally, generating $628 million in profit in just one day – triggered by Worldcoin Treasury news.

Cathie Wood's crypto predictions

Known for her bold statements, Wood remains committed to her belief that Bitcoin will outperform gold in the long term, even in 2025. In her “In The Know” segment, she stated that while the BTC/gold ratio has recently come under pressure, the uptrend remains intact. In the long term, she sees the Bitcoin price reaching as high as $1 million by 2030 – a prediction she has repeated several times in recent years.

For Ethereum, Wood emphasizes its potential as a foundational infrastructure for DeFi and new financial applications. With the recent shift toward ETH-related companies like BitMine, she's now putting her money where her mouth is—and sending a clear signal about the direction ARK Invest is heading.

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