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From: The ETF Shelf
ARK Invest's ETFs, once soaring high on pandemic-fueled enthusiasm, have hit a rough patch. After reaching a peak of $50 billion in assets, their lineup has experienced significant outflows due to lagging performance and missed opportunities (e.g.like selling Nvidia shares too early). Year-to-date, the firm saw $3.17 billion in net outflows for their equity ETFs.
But their Bitcoin ETF is a success...
However, a glimmer of hope shines in the form of their new spot bitcoin ETF ARK 21Shares Bitcoin ETF ($ARKB). Launched in January, it has managed to attract $2.79 billion and is now the fourth-largest Bitcoin ETF in the U.S. market.
Note: ARKB saw over $200 million in net outflows over the past month.