According to a recent SEC prospectus supplement, ARK Next Generation Internet ETF (ARKW) may add indirect exposure to Bitcoin through investment in the Bitcoin Investment Trust (GBTC), privately offered, open-end investment vehicle that invests in bitcoin, or in Canadian Bitcoin ETFs.
The supplement highlighted the incurred risks in a Bitcoin exposure, such as sharp fluctuations and disruption in crypto exchanges due to fraud, technical glitches, hackers or malware, which may also affect the price of bitcoin and thus the Fund?s investment in GBTC or Canadian Bitcoin ETFs.
ARKW is one of Cathie Wood’s flagship actively managed ARK ETFs. It has $6.35bn in assets under management and invests in companies involved in Cloud Computing & Cyber Security, E-Commerce, Big Data & Artificial Intelligence (AI), Mobile Technology and Internet of Things, Social Platforms and Blockchain & P2P.
The fund has performed well since its inception on September 30, 2014, turning a $10,000 investment into approximately $90,000 (800% return).
Find and compare over 7,000 ETFs with our free tools:
- ETF Screener
- ESG?Investing?
- Download Trackinsight Global ETF Survey 2021
