🚨 Cathie Wood Rotates Out of Robinhood, Doubles Down on Ethereum Exposure with BMNR

🌐 ARK Invest is making bold moves in the blockchain space:

✅ Bought: 101,950 shares of BMNR (BitMine) worth $4.3M across 3 ETFs

✅ Sold: 43,728 shares of Robinhood (HOOD) worth $5.1M, despite its 16% surge after S&P 500 inclusion

✅ Trimmed: ~10,000 shares of Teradyne

🔍 Why BMNR?

▫️ BitMine is the largest corporate holder of Ethereum, owning 2M ETH (≈1.7% of total supply)

▫️ CEO Tom Lee calls ETH “one of the biggest macro trades of the next decade”

▫️ BMNR stock closed at $43.79 (+4%), edging higher after hours

📢 Takeaway: Cathie Wood’s allocation shift signals strong institutional conviction in Ethereum’s long-term upside – even as traditional platforms like Robinhood gain index inclusion.

#ARKInvest #CathieWood #Ethereum #BitMine #Blockchain

https://coingape.com/cathie-wood-dumps-robinhood-for-bmnr-stock-as-ark-invest-adjusts-holdings/?utm_source=linkedin&utm_medium=coingape