- ARKF has exposure to blockchain and its applications through large established companies.
- In addition, there are also IT plays providing services in banking, real estate and interactive media, all pioneers in their respective fields.
- Now, with most holdings being growth-oriented, the ETF has suffered from a downside starting in February, due to more investors opting for cyclicals, in line with the re-opening of the broader economy.
- Still, the financial technology (FinTech) space is rather unique in its ability to produce high-growth and profitable companies, thus generating high levels of cash.
- ARKF's share price action should continue to show volatility, but progress to the $60 level with more blockchain adoption.
For further details see:
ARKF: More Upside Possible With Increasing Blockchain Usage