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Should investors buy the ARK innovation ETF now?
The post Should investors buy the ARK innovation ETF now? appeared on BitcoinEthereumNews.com. Call it a “fund of personality,” if you’d like. Some investors who hold Ark Investment Management’s ARK Innovation ETF (NYSEARCA: ARKK) are in the trade simply because they believe in the company’s CEO, Cathie Wood. The fund and its founder are both headline grabbers, but undoubtedly, not every shareholder is pleased with the ARKK ETF’s recent volatility. The old saying that volatility brings opportunity may or may not apply here. After all, just because an asset’s price is down doesn’t necessarily mean it’s a bargain. Still, for investors who prefer stocks and companies with certain characteristics, it might be an opportune time to “get on board the ARKK,” so to speak. Are you down with the blockchain? First things first: if you’re going to hold the ARKK ETF, you’d better be a fan of the blockchain and cryptocurrency. Wood is an unabashed crypto super-believer, having suggested that Bitcoin (BTC-USD) will rally to $3.8 million. Consequently, it makes sense that the ARKK ETF includes a number of blockchain-friendly components. Indeed, stock holdings in the fund’s top 10 by weighting include Coinbase Global (NASDAQ: COIN) and Block (NYSE: SQ) as well as Robinhood Markets (NASDAQ: HOOD), which facilitates the trade of both stocks and cryptocurrencies. Plus, there’s Roblox (NYSE: RBLX), which could be considered a metaverse company. Apparently, Wood and Ark Investment Management really like Coinbase. COIN stock comprises 10% of the ARKK ETF’s holdings. When we add SQ and HOOD stocks to COIN, that’s more than 20% of the fund. Of course, you don’t have to agree with Wood’s $3.8 million Bitcoin price prediction to own the ARKK ETF. It certainly helps, though, if you’re a blockchain bull on some level. This means being able to handle a measure of volatility. To a certain extent, Coinbase stock follows the price moves…
The post Should investors buy the ARK innovation ETF now? appeared on BitcoinEthereumNews.com.
Call it a “fund of personality,” if you’d like. Some investors who hold Ark Investment Management’s ARK Innovation ETF (NYSEARCA: ARKK) are in the trade simply because they believe in the company’s CEO, Cathie Wood. The fund and its founder are both headline grabbers, but undoubtedly, not every shareholder is pleased with the ARKK ETF’s recent volatility. The old saying that volatility brings opportunity may or may not apply here. After all, just because an asset’s price is down doesn’t necessarily mean it’s a bargain. Still, for investors who prefer stocks and companies with certain characteristics, it might be an opportune time to “get on board the ARKK,” so to speak. Are you down with the blockchain? First things first: if you’re going to hold the ARKK ETF, you’d better be a fan of the blockchain and cryptocurrency. Wood is an unabashed crypto super-believer, having suggested that Bitcoin (BTC-USD) will rally to $3.8 million. Consequently, it makes sense that the ARKK ETF includes a number of blockchain-friendly components. Indeed, stock holdings in the fund’s top 10 by weighting include Coinbase Global (NASDAQ: COIN) and Block (NYSE: SQ) as well as Robinhood Markets (NASDAQ: HOOD), which facilitates the trade of both stocks and cryptocurrencies. Plus, there’s Roblox (NYSE: RBLX), which could be considered a metaverse company. Apparently, Wood and Ark Investment Management really like Coinbase. COIN stock comprises 10% of the ARKK ETF’s holdings. When we add SQ and HOOD stocks to COIN, that’s more than 20% of the fund. Of course, you don’t have to agree with Wood’s $3.8 million Bitcoin price prediction to own the ARKK ETF. It certainly helps, though, if you’re a blockchain bull on some level. This means being able to handle a measure of volatility. To a certain extent, Coinbase stock follows the price moves…
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