The power and influence of ARK Innovation ETF and Cathie Wood s range of active ETFs – a two minute explainer
The success of the funds means they can move markets and are inspiring launches of other active ETFs ARK founder Cathie Wood
ARK Innovation ETF (NYSEARCA:ARKK) and chief stockpicker Cathie Wood have become such investor favourites over the past year they have the power to move markets.
Although the ETFs are not tradeable in the UK, the strong record from the asset manager’s range of funds, and her regular appearances on financial TV channels, means Wood and her multi-billion dollar vehicles are followed closely on Wall Street and by investors congregating on Reddit and other social media platforms.
Silvergate Capital Corp (NYSE:SI), (ARKF) - Why Cathie Wood Is Bullish On Crypto Play Silvergate Despite Recent Slump
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Ark Funds Add More Coinbase, Offload Some Tesla
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Cathie Wood-led Ark Investment Management on Thursday snapped up another 3,41,186 shares, worth about $110 million, of the biggest U.S. cryptocurrency exchange desk
Coinbase Global Inc (NASDAQ:COIN), on the second day of trading after its debut on NASDAQ through a direct listing.
Coinbase shares lost some of their debut steam and closed 1.68% lower at $322.75 on Thursday, giving the cryptocurrency exchange a market cap of $63.5 billion. The stock opened higher at $358 but immediately pulled back to $323 levels in the early morning trade and remained volatile the rest of the day before closing significantly lower.
Three of the investment management firm’s flagship funds made the buys on Thursday. The