ARKW, additionally dubbed “Trump 2.0”, is up +31% for the reason that election
Bitcoin is now the most important holding by way of market cap in Cathie Wooden’s ARK Subsequent Technology Web ETF, an funding product that focuses on Web and tech-focused companies and belongings. Because the hosts of the Bloomberg ETF IQ famous of their newest present, BTC now accounts for 12% of the fund’s $1.8 billion market cap. Curiously, the fund’s 2,033 BTC allocation isn’t even near breaking the highest of the Bitcoin wealthy listing regardless of the huge $215 million valuation at present charges.
📈 $BTC leads all holdings in Cathie Wooden’s $ARKW, $1.8 billion ETF targeted on #crypto and tech. pic.twitter.com/Z6YwgmqSTF
— CoinCodex (@CoinCodex) January 24, 2025
“Tesla is 11%, then you definitely’ve bought Coinbase right here. So, a couple of quarter of the fund is invested in Tesla and crypto. In order that’s an enormous cause why it is referred to as the Trump 2.0. You have bought loads of different, form of high-flying names in right here as properly,” the present’s host famous and added: “Another excuse we name it that, it is up 31% for the reason that election. That is rather a lot.” In the meantime, the broader S&P 500 Index is up simply 5% in the identical time interval.
It’s price noting that Wooden not too long ago appeared on Bloomberg ETF IQ, the place she was requested in regards to the Trump coin. When requested if ARK Make investments would contemplate shopping for Trump coin, Wooden made it clear that meme cash aren’t a part of their funding technique and that the corporate is sticking to Bitcoin, Ethereum, and Solana. Nonetheless, she did credit score Trump, saying that “he’s ushering within the subsequent part of the crypto revolution.”
