The ARK Innovation ETF: A Second Lease On Life (Upgrade)

Torsten Asmus The ARK Innovation ETF (NYSEARCA:ARKK) is profiting greatly from the rise of Bitcoin and the resurrection of the cryptocurrency market. The ARK Innovation ETF shot to fame during the pandemic which is when the ETF’s aggressive bets on a small number of high-potential stocks of companies in disruptive industries paid off big time. Since then, however, the exchange-traded fund has struggled with its concentrated investment approach and produced rather disappointing annual returns. Most recen ...