Cathie Wood's ARKK ETF Turns Red Hot in June: Here's Why

ARK Innovation ETF (ARKK) , which provides thematic multi-cap exposure to “disruptive innovation”, has been on a hot streak in June. It has gained about 23%, becoming the best-performing ETF of the month.What’s Driving the Rally?Most of the rally came from the explosive moves in a few stock holdings of ARKK. Circle (CRCL) soared nearly 750% from its June 5 IPO, powered by U.S. Senate passage of the GENIUS Act, which formalizes stablecoin regulation. The stock accounts for a 5.2% share in the ARKK portfolio. ...