Investing behind broad market themes can be a smart way to allocate capital.
The iShares Bitcoin Trust is a low-cost ETF that allows you to indirectly own Bitcoin in your portfolio. The Ark Fintech Innovation ETF has a high concentration in Bitcoin-related businesses.
The Ark Fintech Innovation ETF is an actively managed ETF that seeks to find winners in the financial technology space. Top holdings include Shopify, Coinbase, Block, and DraftKings.
Bond traders initially priced in multiple rate cuts for 2024, but economic data led to fewer cuts being taken off the table. ARKF ETF has underperformed the S&P 500, with assets under management decreasing and technical indicators turning less favorable. ARKF's concentrated allocation in fintech and high volatility make it somewhat risky in the current environment.
Cathie Wood's Ark Invest populates its exchange-traded funds with disruptive, innovative companies. The Ark Fintech Innovation ETF has outperformed the Nasdaq Composite index since the start of 2023.
Shares of Roblox Corp. have tumbled in the wake of the online-gaming company's disappointing quarterly earnings report, but ARK Invest founder and Chief Executive Cathie Wood seems to believe that makes them much more attractive.