Cathie Wood sells her favorite stock despite surge

Cathie Wood is dumping Robinhood at the exact moment it’s finally winning. While a director just bet $20 million on the stock and trading volumes are up 75%, ARK Invest sold nearly 90,000 shares. Robinhood just secured approval to underwrite massive IPOs like SpaceX and OpenAI, yet Wood is trimming her stake while the stock is still down 23% year-to-date. Why exit now when platform assets are at a record $377 billion? Is she making a massive mistake, or is this rally a trap? What’s your take?
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