Satoshi Pupil

Cathie Wood’s ARK Investment Management (ARK Invest) sold about $21.7 million worth of Robinhood Markets shares and about $4.7 million of SpaceX stock on Thursday, October 8, 2026. The firm also cut roughly $1.8 million from its own spot Bitcoin exchange-traded fund (ETF) as it moved cash across its actively managed funds and into defense, fintech, and autonomous technology stocks.
ARK sold 202,825 Robinhood (HOOD) shares through its flagship ARK Innovation ETF (ARKK). The sale made up about 0.23% of the fund. Robinhood stock closed Thursday at $107.01, down 2.28%, putting the sale at roughly $21.7 million.
Through the ARK Next Generation Internet ETF (ARKW), the firm sold 29,048 shares of Space Exploration Technologies Corp., known as SpaceX. That was about 0.20% of the fund. SpaceX stock (SPCX) closed at $160.57, down 4.19%, valuing the sale near $4.7 million.
The ARK Fintech Innovation ETF (ARKF) sold 66,454 shares of the ARK 21Shares Bitcoin ETF (ARKB), a spot Bitcoin fund ARK runs with Swiss issuer 21Shares. The sale was worth about $1.8 million and equal to roughly 0.20% of ARKF.
Robinhood Sale Follows a Volatile Crypto Week
Thursday’s sale was ARK’s second Robinhood cut in two sessions. On Wednesday, October 7, ARKK sold 151,903 HOOD shares worth about $16.6 million, when the stock closed at $109.51.
The sales came as crypto markets weakened. Robinhood earns a meaningful share of its trading revenue from crypto activity, so its stock often moves with digital asset prices. Bitcoin (BTC) tested $82,000 support on October 8 as U.S. spot Bitcoin ETFs recorded $487 million in net outflows. On Friday, Bitcoin fell 3.3%, and Ethereum dropped 5.7% as the selloff deepened.
The trading platform also made crypto news of its own this week. On October 7, Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, said the company had added $25 million in Bitcoin to its balance sheet. He disclosed the Digital Asset Summit Asia in Singapore.
Wall Street analysts have stayed positive on the stock. Barclays raised its price target on Robinhood to $132 from $105. Bank of America lifted its target to $156 from $140. Robinhood is scheduled to report third-quarter results on October 27, 2026.
SpaceX Trim Lands on Day of 800 MHz Spectrum Deal
Thursday’s SpaceX sale followed a larger cut earlier in the week. On October 6, ARKW sold 54,873 SPCX shares worth about $9.4 million at a $171.92 close.
SpaceX listed on the Nasdaq stock exchange in June 2026. Its initial public offering (IPO) was priced at $135 per share, and the stock opened at $150. ARK built its position heavily through July and August across several funds, and SpaceX remains one of ARKK’s largest holdings after this week’s trims.
After the market closed on Thursday, SpaceX said it had agreed to acquire a nationwide 800 MHz spectrum portfolio from Grain Management, a firm that invests in wireless spectrum. The deal covers up to 14 MHz of paired low-band spectrum, and the price was not disclosed. SpaceX said the spectrum will add to its existing 2 GHz holdings and help its Starlink Mobile service reach phones inside buildings.
Musk posted on X that the spectrum is “the last critical piece of the spectrum puzzle.” Responding to venture investor Chamath Palihapitiya, who called it “a very big deal,” Musk wrote that “to those who understand the spectrum wars, it’s an earthquake.”
The news hit the major U.S. wireless carriers in overnight trading. AT&T fell 6.59%, Verizon dropped 5.70%, and T-Mobile lost 6.10%. SPCX rose 3.11% to $165.57 in the same session. For more on where analysts see the stock heading, read our SpaceX (SPCX) price prediction for October 2026.
Where the Cash Went: Kratos, Klarna and Robotics Stocks
ARK put part of the money into new and higher-conviction names. ARKK bought 159,918 shares of Kratos Defense & Security Solutions (KTOS), worth about $6.7 million at a $41.93 close. On August 4, the drone and defense contractor reported second-quarter revenue of $458.8 million, up 30.5% from a year earlier. It also raised its full-year 2026 revenue forecast to between $1.75 billion and $1.81 billion.
Other buys and sales across ARK’s funds:
ARKF: bought 347,777 Genius Sports and 135,914 Klarna shares, and sold 106,134 DraftKings shares.ARK Autonomous Technology & Robotics ETF (ARKQ): bought WeRide, Symbotic, Pony AI, Kodiak AI, and Archer Aviation, and sold Teradyne.ARK Space & Defense Innovation ETF (ARKX): bought Archer Aviation, and sold small amounts of Teradyne and Iridium Communications.ARK Genomic Revolution ETF (ARKG): bought Kymera Therapeutics, Nurix Therapeutics, Scribe Therapeutics, and Freenome, and sold Personalis and CareDx.ARKK also bought 119,681 Archer Aviation shares.
ARK Cuts AMD, Meta, Alphabet and Shopify
ARKK also reduced several large technology holdings on Thursday, according to closing prices for the session:
138,032 Shopify (SHOP) shares19,779 Meta Platforms (META) shares, about $14.3 million at $720.8922,500 Advanced Micro Devices (AMD) shares, nearly $14 million at $620.6825,342 Alphabet Class C (GOOG) shares, about $8.7 million at $344.86
The fund also trimmed Illumina, 10x Genomics, Twist Bioscience, Cloudflare, and Natera.
Why ARK Is Selling
ARK has not commented on Thursday’s trades. However, the pattern fits how the firm usually manages its funds. Its ETFs hold a small number of stocks and trade often. ARK routinely trims positions that have grown large in its portfolios and moves the money into stocks where it sees more upside.
The Robinhood and SpaceX sales came after both stocks fell during a weak week for crypto and growth assets. Each sale was small, at about 0.2% of its fund. Both stocks remain significant ARK holdings, and the firm’s next trade file, covering Friday, October 9, will show whether the selling continues.

Thailand's Securities and Exchange Commission has finalized the rules for local spot Bitcoin and Ether exchange-traded funds. The regulator issued 11 notifications on October 8, 2026, and the framework takes effect on October 16, 2026.
No specific ETF products or issuers have been approved so far. Asset managers still have to register funds and win product approval before anything can trade.
The framework is narrow by design. These ETFs must be passively managed, and they can list and trade only on the Stock Exchange of Thailand (SET).
Each fund must hold a minimum of 80% average net exposure to a single asset. For now, the eligible assets are limited to Bitcoin and Ether.
Custody is another core requirement. Fund assets must sit with digital-asset custodians licensed by the SEC.
Buyers must complete investor education and give a mandatory risk acknowledgment before they can trade the new ETFs.
Under the initial provisions, securities firms cannot offer margin lending for purchases of these ETFs.
The rules also initially bar retail access to foreign crypto ETF-linked structures.
Thai mutual funds and private funds can invest in the local ETFs, subject to the limits that already apply to them.
The October 2026 framework builds on a gradual approach. Thailand's SEC had previously allowed limited exposure to foreign Bitcoin ETFs, aimed mainly at institutional and professional investors.
The new rules shift the focus to domestic funds, keeping custody standards high and investor safeguards front and center.
For Thai retail investors, a Bitcoin or Ether ETF on the SET would let them gain exposure through a regular brokerage account instead of holding coins directly.
For asset managers, fund registration and product approval stand between the framework and the first trade. The managers who move first will need licensed custodians, investor education processes, and risk disclosures ready.
Restricting retail investors from foreign ETF-linked structures could shape the competitive field. With offshore alternatives initially off the table for ordinary investors, local issuers may have a captive audience.
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Ukraine’s real gross domestic product (GDP) growth will slow to 1.2% in 2026, down from 1.8% last year, and will reach just 1.5% the following year, compared with the previous forecast of 4%.
Reasons for the downgrade
The World Bank published this updated forecast in its report, "Europe and Central Asia Economic Update: Making AI Work for Everyone: Jobs, Firms, and Productivity."

South Korea has taken the top spot among East Asian crypto markets, reaching a volume of $449.1 billion between July 2025 and June 2026. This rapid market growth was mainly driven by active trading in artificial intelligence (AI) tokens, making the country a regional leader.
Dominance of AI Tokens and Retail Market Driver
According to Chainalysis, South Korea's crypto market volume grew by 12.3% in 2026 compared to the previous year. The main driver of growth remains retail investors, who are actively investing in AI-related cryptocurrencies. At the same time, centralized exchange volume in the country increased by 16.3%, while institutional participation remains limited due to regulatory barriers.
"South Korea's market is known for its focus on retail investors," noted Francis Kang, Executive Director of Korea Blockchain Week.
Korean financial institutions are only beginning to build digital asset teams and pilot projects in stablecoins and tokenization. AI tokens enjoy particular popularity among investors. By June 2026, this category became the largest by trading volume share in Korean won, even surpassing payment tokens like XRP.
Trading volume of AI cryptocurrencies in Korean won is 19.5 times higher than in Japanese yen. The most popular assets include:
Worldcoin (WLD) — $7.41BSAHARA — $3.2BVIRTUAL — $2.7BBIO — $2.BNEAR — $1.7B
Market leaders shift quickly: VIRTUAL and KAITO tokens, which dominated in 2025, yielded their positions to Worldcoin and SAHARA. Chainalysis analysts emphasize that Korean traders react faster to AI token trends than their peers in other regional markets.
Crypto Market Trends in Japan, Hong Kong, and China
Japan remains the second-largest crypto market in East Asia with a volume of $228.3 billion. A key feature of the Japanese market is the high share of decentralized exchanges (DEXs), accounting for 34.5% of the service segment — the highest indicator in the region. Since 2022, DEX activity in Japan has grown by over 200%, with about 25% of users transferring funds into DeFi protocols after withdrawing from exchanges.
"The most notable activity is occurring in perpetual futures contracts," stated Taishi Sato, CEO of DeFimans.
Japanese traders actively use platforms like Hyperliquid to manage stock portfolios and macro exposures, rather than just traditional crypto trading.
Hong Kong, for its part, has become the region's primary institutional crypto hub. Institutional platforms, such as OTC desks, custodians, and market makers, account for 16% of inflows into the service segment — three times higher than any other East Asian country. Total B2B transfers in Hong Kong reached nearly $24 billion over the year, while net institutional capital flowing through regulated platforms since mid-2022 reached $17.4 billion.
In China, despite an official ban on cryptocurrency services, P2P transactions dominate, accounting for 59.1% of the total crypto economy. The number of unique wallets making peer-to-peer stablecoin transfers increased 43-fold from Q1 2024 to Q2 2026.
South Korea plans to pass a new digital asset law in the second half of 2026, which could further impact the development of the national cryptocurrency market.
Do you think that in the near future, Japan or South Korea could catch up with—and eventually surpass—China in terms of influence on the Asian cryptocurrency and blockchain market?

Wallets supposedly linked to the U.S. government moved more than $100 million in crypto on Tuesday, according to data from blockchain intelligence firm Arkham.
The government sent 833.599 BTC, worth about $71.6 million at the time, to two addresses Arkham doesn't label. Within hours, both addresses passed the coins on to addresses Arkham labels as Coinbase Prime deposit addresses.
A separate government-labeled wallet sent about 40,285 BNB, worth $31.63 million, to another unlabeled address, 0x7F68F63fB3A9CCCf352409603421E0A574FbAD90. That address then sent all of it on to a second unlabeled address, 0x6fB3Fe7b7E78AbB84CE007cBC7412C850B15A579.
The BTC came from a wallet Arkham labels as Potapenko/Turogin forfeited funds (568.7 BTC) and from coins seized in the Bitfinex hack case (264.9 BTC). The BNB came from assets seized from Alameda Research.
The government still holds about $27.5 billion in crypto, all of it seized in enforcement actions. To date, it has not used taxpayer money to make new purchases.
Such transfers often spark fears of an impending sale, but that doesn’t appear to be the case here.
"A transfer is not the same as a sale. Under a March 2025 executive order, bitcoin forfeited to the government is meant to be held in a Strategic Bitcoin Reserve," Jose Rosell, market commentator, said on X
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On October 7, oil prices rose as the market evaluated the risks of supply cuts caused by a storm approaching US oil-producing areas, as well as attacks by Iran-backed Yemeni Houthis on Saudi Arabia.
Brent crude futures rose by $1.05, or 1.04%, to $101.63 a barrel as of 04:00 GMT. US West Texas Intermediate (WTI) crude futures increased by 80 cents, or 0.89%, to $90.24 a barrel.
US forecasters stated on October 6 that the storm forming in the Gulf of Mexico would become the first Atlantic hurricane of 2026 within two days and strike oil and gas facilities.
Tim Waterer, chief analyst at KCM Trade, said the storm was an unwelcome complication for crude oil, increasing the risk of production and refining disruptions at a time when the market is already facing sufficient supply issues.