2024-03-20 14:42:13 ET
Summary
- The ARK Innovation ETF is benefiting from the rise of Bitcoin and the cryptocurrency market.
- The ETF has struggled with its concentrated investment approach but has seen improved short-term performance due to its bet on Coinbase Global.
- The ETF's outflows may reverse as its investments tied to the Bitcoin rally could lead to a resurrection of the fund.
The ARK Innovation ETF ( ARKK ) is profiting greatly from the rise of Bitcoin and the resurrection of the cryptocurrency market....
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For further details see:
The ARK Innovation ETF: A Second Lease On Life (Upgrade)