Core Insights - ARK Invest emerged as the top-performing ETF issuer in the US in 2025, with four of its funds ranking among the top five equity funds according to Morningstar Direct data [2] - The success of ARK's funds was attributed to a risk-on environment, where investors sought higher returns, particularly in sectors like artificial intelligence, defense, and next-generation computing [3][4] - Despite strong performance, ARK's flagship fund, ARKK, gained 35.6% but lost over $1.2 billion in assets, indicating a trend where investors sold even as funds performed well [3] Fund Performance - The ARK Autonomous Technology & Robotics ETF achieved a return of 49% and ended the year with $1.8 billion in assets under management (AUM) [6] - The ARK Space & Defense Innovation ETF returned 48% with an AUM of $534.9 million [6] - The ARK Next Generation Internet ETF, with an AUM of $2.1 billion, also performed well, contributing to ARK's overall success [6] Market Sentiment - Investors showed a preference for riskier assets in 2025, as evidenced by the performance of other funds like the Invesco S&P 500 High Beta ETF, which climbed over 30% [3] - Despite the impressive returns, analysts expressed skepticism about ARK's long-term performance, citing concerns over its concentrated portfolios [4]

It's believed that Bitcoin lags gold by around 3 months. If this is indeed the case, then gold's massive rally at the end of 2025 should translate to a massive rally for Bitcoin at the beginning of 2026. However, this assumes that there's rotation between Bitcoin and gold since Bitcoin is seen as digital gold by investors.The truth though is that the relationship between Bitcoin and gold is much more complex. That's why today we're going to do a deep dive into the dynamics between Bitcoin and gold to figure ...