ARKF - FINX: Better Than ARK's ETF Amid Bitcoin-Induced And Other Sources Of Volatility
- Most FinTech plays have invested in blockchain technology and as a result, have experienced some volatility.
- However, for investors, it is important to distinguish between using blockchain for optimizing operations and making an investment in bitcoins for shoring up the balance sheet.
- Also, an investment in FINX gives exposure to the whole ecosystem of financial technologies, far beyond blockchain.
- Comparison with Cathie Wood's ARKF reveals a better three-month performance, likely to be sustained throughout 2021.
- I have a target share price of $51-52 by the end of the year.
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FINX: Better Than ARK's ETF Amid Bitcoin-Induced And Other Sources Of Volatility