ARKW, additionally dubbed “Trump 2.0”, is up +31% for the reason that election
Bitcoin is now the most important holding when it comes to market cap in Cathie Wooden’s ARK Subsequent Era Web ETF, an funding product that focuses on Web and tech-focused companies and property. 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. Apparently, the fund’s 2,033 BTC allocation just isn’t even near breaking the highest of the Bitcoin wealthy checklist regardless of the large $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%, you then’ve obtained Coinbase right here. So, a couple of quarter of the fund is invested in Tesla and crypto. In order that’s a giant cause why it is referred to as the Trump 2.0. You’ve got obtained plenty of different, kind 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 loads.” In the meantime, the broader S&P 500 Index is up simply 5% in the identical time interval.
It’s value noting that Wooden just lately 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 section of the crypto revolution.”
