Cathie Wood's ARKK gets a 30% Trump bump, but outflows persist and top $3 billion in 2024

Group 1 - Cathie Wood's Ark Innovation ETF (ARKK) has surged over 30% since Election Day, with a year-to-date return of nearly 18%, largely driven by Tesla's stock, which has increased about 70% since Trump's victory [2][4] - Despite the gains, ARKK experienced $49 million in outflows in November and $24 million in the first week of December, contributing to total outflows exceeding $3 billion in 2024 [3] - ARKK has lost approximately 60% of its value from its peak in 2021, as the pandemic rally has faded [4] Group 2 - Tesla is a significant beneficiary of Trump's policies, with CEO Elon Musk investing $277 million in a pro-Trump campaign, and Wood slightly reduced her Tesla holdings by selling shares worth about $21.8 million [5] - Coinbase, the second largest holding in ARKK, has seen its shares rally over 80% this year as Bitcoin surpassed the $100,000 mark [6] - Robinhood, another major holding in ARKK, has skyrocketed more than 213% in 2024, as investors anticipate favorable regulations for the crypto industry under Trump [7] Group 3 - Some ARKK holdings, such as Roku and Pinterest, have not returned to their previous highs, with Roku down 9% and Pinterest down 16% this year, despite the Nasdaq Composite reaching record highs [8]