#ARK Web x.0 ETF

[freenewstoday]

New Post has been published on https://freenews.today/2021/02/23/cathie-woods-funds-take-big-morning-hit-before-rebounding-as-the-tech-trade-stumbles/

Cathie Wood's funds take big morning hit before rebounding as the tech trade stumbles

Cathy Wood

Crystal Mercedes | CNBC

Some called it the “Cathie Wood sell-off.”  

At the open Tuesday, the top names owned by Ark Investment Management were the biggest decliners in the market. 

Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify and Spotify were all down big, in many cases by double-digits.  All were major holdings in funds like her flagship Ark Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW).

Shortly after the open, her flagship Ark Innovation Fund was down 11%. By 10 a.m. ET, a half-hour after opening, it had already traded more than 8 million shares, a full day’s volume.  By midday, it had traded 30 million shares.

And then, a half hour after opening, the selling let up. The fund closed down by 3.3% and was down about 10% for the week.

“It was like a mini-panic,” Alec Young from Tactical Alpha told me.  “The market is getting concerned that the Fed is risking getting behind the curve on inflation.  The market is pricing in more inflation, which means lower prices for tech stocks.”

The market stopped dropping as Federal Reserve Chair Jay Powell’s congressional testimony was released.  Powell repeatedly emphasized he does not expect inflation to rise to troublesome levels:  “Monetary policy is accommodative and needs to continue to be accommodative,” he said.

Too many people on the boat?

Still, the damage had already been done.  Fear of higher rates may have been an initial catalyst, but now, as Peter Tchir from Academy Securities told me, “People are very aware they are long a lot of stocks at very high valuations.”

“The frothiness is now the catalyst, not rates,” he told me. As for the current mania with everything Cathie Wood and Ark Investments, Tchir on Tuesday penned a piece called “Noah’s Arkk?” for clients, telling me, “Too many people are on that boat.  A lot of people, I think, have bet more than their risk appetite is comfortable with.”

Ark Innovation is off about 13% from its recent high.

“I don’t think this is over, I think this may be the start of an unwind.  Everyone assumed these are super-safe companies.  Her management style has been to double-down on her bets, and a lot of this is starting to feel a little evangelical.  People now view those funds as can’t lose, and that’s where you get into trouble,” said Tchir.

Most of the ten top holdings in Ark Innovation were underperforming the Nasdaq on Tuesday, before they rebounded.

Wood did not respond to a request for comments on Tuesday’s trading, but in an interview on CNBC last week, she made it clear that on days or weeks when her favorite stocks were down notably, she was often a buyer: “We are considered a liquidity  provider, which means when people are selling, we will be buying and when people are buying, and these are investors in retail and institutional, we are likely to be taking profits,” she said.

As for the worries about interest rates, she also made it clear that a sharp upturn would undoubtedly hurt her portfolio: “I do believe that if the rate were to take a sharp turn up that we would, we would see a valuation reset, and our portfolios would be prime candidates for that valuation reset.”

Source

#ARK Innovation ETF #ARK Web x.0 ETF #Baidu Inc #Breaking News: Markets #business news #Investment strategy #Markets #Palantir Technologies Inc. #PayPal Holdings Inc. #Roku Inc #Shopify Inc #Spotify Technology SA #Square Inc #Teladoc Health Inc #Tesla Inc #Zillow Group Inc

[enewsedition]

Tesla’s industry lead is growing as legacy automakers ‘flail’ on driverless cars, Ark Invest analyst says Tesla is peeling away from the pack. The automaker's head starts in developing electric and autonomous vehicles are solidifying its lead over the rest of the industry as the…

#ARK Industrial Innovation ETF #ARK Innovation ETF #ARK Web x.0 ETF #Automobile manufacturing #Automotive safety technology #Automotive technology #Autos #business news #Driverless cars #General Motors Co #Investment strategy #LYFT Inc #Markets #Personal investing #Stock markets #Technology #Tesla Inc #Uber Technologies Inc

[newszada]

Bull case growing as legacy automakers ‘flail’ on autonomous cars Tesla is peeling away from the pack. The automaker's head starts in developing electric and autonomous vehicles are solidifying its lead over the rest of the industry as the…

#ARK Industrial Innovation ETF #ARK Innovation ETF #ARK Web x.0 ETF #Automobile manufacturing #Automotive safety technology #Automotive technology #Autos #business news #Driverless cars #General Motors Co #Investment strategy #LYFT Inc #Markets #Personal investing #Stock markets #Technology #Tesla Inc #Uber Technologies Inc

[hellodainiknews]

Why we’ve sold Tesla despite our long-term bull case Ark Invest, the firm known for its $7,000 price target on the stock of Tesla, has faced some disbelief for selling shares of the electric auto maker.

#ARK Industrial Innovation ETF #ARK Innovation ETF #ARK Web x.0 ETF #Automobile manufacturing #Autos #bull #business news #case #Elon Musk #Exchange-traded funds #Investment strategy #longterm #Markets #Sold #Stock markets #tesla #Tesla Inc #weve

[joshuajacksonlyblog]

2017’s Best-Performing ETFs Were Bitcoin-driven

Investments in exchange-traded funds (ETFs) broke all records last year, boasting assets under management of $3.4 trillion USD. In this regard, a Bitcoin-based ETF managed by ARK Investment Management LLC became the best-performing ETF of 2017, delivering gains of over 87 percent. In parallel, more investment institutions are rushing petitions to the U.S. Securities and Exchange Commission (SEC) to launch Bitcoin-based ETFs.

Investing in Bitcoin and Disruptive Technologies Was Profitable in 2017

Fourth Industrial Revolution innovations such as Bitcoin, artificial intelligence, and driverless cars are becoming quite profitable to financial companies focusing on disruptive technologies.

For example, ARK Investment Management LLC, an active manager of thematic ETFs, reports that ARK Innovation ETFs (ARKK), which includes exposure to Bitcoin, posted returns of 87.4 percent in 2017.

This ETF concentrates its investments on industrial innovation, genomics, and Web x.0. As of the end of November 2017, ARK Innovation ETF owned 13.69 percent of Bitcoin Investment Trust.

Likewise, the company reports that the ARK Next Generation Internet ETF (ARKW), which also contains Bitcoin exposure, delivered similar spectacular returns of over 87 percent. In addition to cryptocurrencies, this ETF focuses on innovation and advancements in big data, cloud computing, Internet of Things (IoT), E-commerce, and digital media.

Bitcoin led the best-performing ETFs this year https://t.co/fnY8w0L3oT

— CNBC (@CNBC) December 29, 2017

Bitcoin exposures in these two ETFs are indirectly held via positions in the publicly traded Grayscale Bitcoin Investment Trust.

Rush to Get SEC’s Approval for Bitcoin ETFs is Intensifying

ETF investments broke all records in 2017. According to CNBC, ETFs had inflows of $476 billion USD, while assets under management reached $3.4 trillion USD. Therefore, CNBC estimates, “investors will continue to pour money into low-cost index ETFs.”

The rollout of Cboe Bitcoin futures in December 2017 triggered investment companies to seek SEC approval to launch ETFs. Now, the rush to file Bitcoin ETFs is accelerating. For example, Direxion and GraniteShares recently joined the long list of those seeking SEC’s approval to trade Bitcoin-based ETFs.

According to Direxion’s filing, dated December 15, 2017, its Bitcoin ETF seeks “to provide total return that exceeds that of bitcoin futures contracts over a complete market cycle.” If approved, this ETF will be actively managed. And it would be listed and traded on the NYSE Arca, Inc.

GraniteShares also filed on December 15, 2017, a petition for approval of two ETFs: GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF. The shares of each of these funds will be listed on the Cboe BZX Exchange, Inc.

The list above shows that financial managers are betting on Bitcoin’s success. And, as a result of the outstanding 2017 returns delivered by ARK Investment’s Bitcoin-driven ETFs, Bitcoin will most likely continue to captivate fund managers with greater momentum.

What do you think about the potential impact of the SEC approval of Bitcoin-related ETFs? Let us know in the comments below.

Images courtesy of Pixabay, Bloomberg

The post 2017’s Best-Performing ETFs Were Bitcoin-driven appeared first on Bitcoinist.com.

from Cryptocracken Tumblr http://ift.tt/2COkUxy via IFTTT

#IFTTT #Cryptocracken Tumblr

[stockmarket-us]

Artificial intelligence: Nvidia

Artificial intelligence (AI) seems more like hype than reality. Businesses love to claim to be a play on AI themes like "machine learning" and "big data analytics" since these are buzzwords that attract attention — and funding. But AI is real, and it's going to power everything from self-driving cars to cancer-diagnosis tools — and who knows what else — sooner or later.

Since we don't know the ultimate applications and who will profit from them, this is a place where it makes sense to go with the "picks and shovels" companies. Here, Nvidia NVDA, +0.16%  is an obvious choice, given its experience and expertise at developing sophisticated chips.

Nvidia has invested over $17 billion in research and development since it was founded, and it shows. The company invented graphics processing units (GPUs). Today, its chips are some of the best at powering deep-learning algorithms, a form of AI where software writes itself by learning from data. In December, Nvidia GPUs powered by its Tensor Core set six records in AI performance, according to standards set by tech leaders at the forefront of AI such as Alphabet GOOG, -0.12% GOOGL, -0.07% Intel INTC, -0.63% and Baidu BIDU, +0.73%

Nvidia estimates that its high-performance computing data center market will grow to $50 billion in 2023 from $37 billion last year. "The world needs more computing. And a lot of that computing is related to machine learning, data analytics, deep learning. It's related to the things that we're working on," Nvidia CEO Jensen Huang said in the company's most recent conference call.

Nvidia shares look attractive because they are still recovering from their crypto hangover. Its chips power bitcoin-mining hardware. So when the bitcoin bubble burst, Nvidia performance suffered. But it's still the same company with super-sophisticated chip-design capabilities. Nvidia is the top holding of the ARK Web x.0 ETF, and the third-largest holding of the ARK Innovation and ARK Industrial Innovation ETFs.

The hidden risk: Nvidia has had amazing staying power, but the reality is most tech companies have a hard time staying at the top of their game for long stretches of time.

More stock news at webull. Artcile come from: https://www.marketwatch.com/story/these-five-companies-are-changing-the-world-and-their-shares-have-made-investors-rich-2019-05-01?mod=mw_quote_news

#Stock News #NVDA

[coin-river-blog]

Starting today, The Toronto Stock Exchange will list a new blockchain based ETF on their platform.

ETF, which stands for ‘Exchange traded fund’ is “a marketable security that tracks an index, a commodity, bonds, or a basket of assets”. Unlike mutual funds, an ETF trades like a common stock on a stock exchange, and experience price changes throughout the day as they are bought and sold.

The Horizons Blockchain Technology and Hardware Index ETF, which will join similar ETF’s from Harvest Portfolio Group Inc. and Evolve Funds Group Inc, aims to differentiate itself by backing companies such as Hive Blockchain Technologies Ltd, Nvidia Corp, Digital Realty Trust Inc etc which develop hardware and services which power the blockchain technology.

In an interview with Bloomberg Steve Hawkins, co-chief executive officer of Horizons ETFs Management Canada Inc, said “We don’t know which individual blockchain companies are going to work, we have no idea what the extent of the blockchain applications will be, but we do know people will have to invest in the infrastructure to build out blockchain,”.

Earlier in March 2017, the Winklevoss brothers tried to list Bitcoin ETFs on exchanges, but the SEC rejected their proposal. Later in December, with the introduction of Bitcoin futures on two exchanges in the United States, many were expecting ETFs to get the stamp of approval. However, five funds were requested to withdraw their proposals by SEC officials.

The ETF hopes to offer an opportunity to investors who want to invest in the infrastructure which supports the blockchain technology rather than the new blockchain startups or cryptocurrencies. Bitcoin-based ETF’s Ark Web x.0 ETF (ARKW) and the Ark Innovation ETF (ARKK) were the best performing ETF’s of 2017.

The Winklevoss twins tried to list Bitcoin tied ETF’s on their exchange earlier in March this year but the SEC rejected their proposal citing “the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”. However, the Winklevoss twins were granted a patent to establish ETF’s tied to cryptocurrencies recently.

Cryptocurrency Exchanges such as Huobi Pro and OKEx also launched cryptocurrency-based ETF’s earlier this month. OKEx’s ETF combines the tokens which are among the top 10 percent in terms of 30-day average trading volume against tether on their platform. Similarly, Huobi Pro that indexed 10 cryptocurrencies based on the market valuation and trading on their platform. It is evidently clear that there is an increased interest in blockchain technology and cryptocurrencies among traditional and institutional investors.

Featured image from Shutterstock.

Follow us on Telegram. • Join CCN's crypto community for $9.99 per month, click here. • Want exclusive analysis and crypto insights from Hacked.com? Click here. • Open Positions at CCN: Full Time and Part Time Journalists Wanted. Advertisement

[cryptnus-blog]

Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

New Post has been published on https://cryptnus.com/2018/05/bullish-etf-provider-liquidates-bitcoin-holdings-citing-regulatory-and-tax-issues/

Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

Join our community of 10 000 traders on Hacked.com for just $39 per month.

The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC.

Last year, ARKK won ETF.com’s “ETF Of The Year” award for fulfilling its goal of providing access to disruptive technology. It won this award in no small part due to its bitcoin allocation, which ranged between 6% and 10%, according to FactSet. At one point, bitcoin topped the list of the fund’s holdings.

In December of 2017, Catherine Wood, Ark Investment Management, CEO, said that bitcoin was a bigger idea than Apple.

ARK’s fund could not directly own bitcoin, so it purchased shares in Grayscale Investment’s Bitcoin Investment Trust (GBTC) in 2015, when bitcoin traded below $250.

The only ETF that matched ARKK’s access to bitcoin was another of the firm’s products: the ARK Web x.0 ETF, an internet-focused fund.

Bitcoin Drove Returns

ARK pared its exposure to bitcoin as the cryptocurrency’s value plunged from its December highs.

The funds’ bitcoin holdings drove the returns last year, as both funds gained more than 87% percent in 2017, while GBTC jumped 1,550%.

However, Ark began paring its bitcoin exposure across both funds earlier this year, as the cryptocurrency market entered a bearish cycle. ARKK now holds 0.5% in bitcoin while ARKW holds 0.6%. The reason behind the pullback, according to the company, was tax and regulatory concerns.

Bitcoin’s performance most likely was a big driver as well. The cryptocurrency, based on GBTC indicators, began falling in value later in 2017 after soaring in 2016 and early 2017. GBTC, meanwhile, has fallen 37% so far in 2018, losing more than 63% in five months from its mid-December high.

Both Ark funds are up about 15% year to date.

Ark might have profited from bitcoin earlier in the year and pared its allocation as bitcoin’s price fell. If GBTC’s performance had spurred the change in direction, a bitcoin rebound could revive its allocations in the Ark funds.

Also read: Ark Investment CEO: bitcoin is bigger than Apple

ETF Access to Bitcoin Still Limited

The liquidation of Ark’s bitcoin holdings makes it even more difficult for investors to gain exposure to the flagship cryptocurrency through traditional financial instruments.

Bitcoin ETFs, as CCN has reported, are waiting on the sidelines since the US Securities and Exchange Commission (SEC) has not yet approved any of these widely-anticipated investment vehicles.

GBTC — which trades over-the-counter (OTC) — is the closest product to a bitcoin ETF. Unlike most companies that have applied for bitcoin ETFs, this fund holds bitcoin directly instead of through derivatives contracts. The fund’s value to investors has been up for debate since its shares almost always trade at a premium over bitcoin’s net asset value.

Images from Shutterstock

Follow us on Telegram. Advertisement

[moneydjnews]

比特幣飆漲、ETF沾光！2017年ARKW、ARKK升幅逾8成

Barrons.com去年底報導，「NextEquity Partners」創投公司共同創辦人Avadis Tevanian日前在受訪時表示，比特幣等加密貨幣不會消失、比特幣未來(5、10或20年)的價值將會非常高。他認為政府可以管制比特幣或針對交易進行課稅、但不可能全面禁止。他還提到，現在就投資區塊鏈(blockchain)技術可能嫌太早。

Tevanian曾在蘋果(Apple Inc.)任職、他所帶領的團隊打造出Mac OS X作業系統。Tevanian在訪談中提到，物聯網(IoT)產業需要像蘋果這樣的公司站出來讓裝置變得更容易使用。他說，蘋果的iOS行動平台是長達數十年的努力成果、未來10年內恐怕沒有任何公司足以威脅其領導地位。

ETF.com去(2017)年12月21日指出，排除槓桿、反向類別不計，2017年表現最好的兩檔ETF分別是ARK Web x.0…

View On WordPress

[storytrader]

Bitcoin led the best-performing ETFs this year

Thanks to an early investment in the Bitcoin Investment Trust, Ark Web x.0 ETF and Ark Innovation ETF are the two best-performing ETFs this year, according to a report last week from ETF.com. Global X's Robotics & Artificial Intelligence ETF is another top-performing fund this year and saw its assets under management surge from $4 million to $1.5 billion, the company said. The research director behind one of 2017's top-performing exchange-traded funds is still betting on bitcoin and electric, self-driving cars. Thanks to an early investment in the Bitcoin Investment Trust (GBTC), Ark Web x.0 ETF (ARKW) and the Ark Innovation ETF (ARKK) are the two best-performing ETFs this year, according to a report last week from ETF.com. As investors increasingly turn to passive investment vehicles such as ETFs, this year the funds saw record-breaking inflows of $476 billion and assets under management climb to $3.4 trillion. Global X's Robotics & Artificial Intelligence ETF (BOTZ) saw its assets under management surge from $4 million to $1.5 billion in the last 12 months, the company said. Ark's Innovation ETF also holds the Bitcoin Investment Trust, with a 5.8 percent weighting as of Thursday, according to the company's website. The Global X Lithium & Battery Tech ETF (LIT) saw its assets under management jump from $100 million at the start of the year to nearly $1.1 billion this week, according to Global X.

[enewsedition]

Ark Invest CEO: Why we’ve sold Tesla despite our long-term bull case Ark Invest, the firm known for its $7,000 price target on the stock of Tesla, has faced some disbelief for selling shares of the electric auto maker.

#ARK Industrial Innovation ETF #ARK Innovation ETF #ARK Web x.0 ETF #Automobile manufacturing #Autos #business news #Elon Musk #Exchange-traded funds #Investment strategy #Markets #Stock markets #Tesla #Tesla Inc

[greggory--lee]

Investment Funds That Offer Cryptocurrency Exposure See Big Gains

These days bitcoin continues to outperform many traditional assets as the decentralized currency has become the premiere digital asset class of the 21st century. There are many ways individuals can obtain bitcoins and hold the appreciating investment themselves. However, there are also other traditionalized methods where people can invest in cryptocurrencies through trusts, self-directed IRAs, hedge funds, and other investment vehicles.

Also Read: Markets Update: Bitcoin Bulls Are Back Testing Key Resistance Levels

In 2017 Bitcoin Visibility Increases Among Mainstream Investors and Traditional Fund Managers

Bitcoin’s performance as an asset class continues to outshine traditional investments like stocks, precious metals, and the bond market. Just recently the well-known mainstream financial publication Bloomberg called bitcoin an “exchange traded fund (ETF) on steroids.” Furthermore, people have found that there are other ways to invest in bitcoin which are similar to traditional individual retirement accounts (IRA), or stock market investments. This includes cryptocurrency based investment trusts, exchange-traded notes and many more types of methods.

So far in 2016 and the past six months of 2017 cryptocurrency funds have soared in value considerably compared to traditional assets. Some of these traditional investment rails just offer bitcoin while others offer a basket of cryptocurrencies that can sometimes outperform one single digital asset if managed properly.

BK Capital Management

The BKCM investment asset fund was created by CNBC host and investment analyst Brian Kelly. The firm specializes in the macro-economics of digital assets and offers mainstream investors exposure to currencies like bitcoin. BKCM says its managers are fluent in “traditional capital markets, blockchain assets, and technology experience.” According to the company’s website, the fund focuses on “liquid exchange” digital assets. Kelly has been an active proponent of bitcoin and other emerging digital assets throughout many of his broadcasts on the network CNBC.

This Spring BKCM was up 68% in April and 172% YTD according to the company’s reports.

Grayscale’s Bitcoin Investment Trust

The Grayscale Bitcoin Investment Trust (GBTC) is a fund run by the Digital Currency Group’s (DCG) Barry Silbert. The DCG founder Silbert has been well known among investment circles when he created the brokerage firm Secondmarket and since then focused his efforts towards cryptocurrencies and blockchain startups. The publicly quoted GBTC is an easy way for investors to get exposure to bitcoin and can be purchased through traditional self-directed IRAs. The Bitcoin Investment Trust has outperformed the S&P 500, gold shares, and treasury bonds by gaining 220.59 percent this year. Moreover, GBTC shares trade at a premium compared to an individual purchasing bitcoin traditionally through an exchange. Alongside this, Grayscale also offers an Ethereum Classic fund that is similar to GBTC. The ECX Index is eligible to be held in an IRA, Roth IRA, and other investment accounts.

GBTC sees considerable gains over the past year.

Ark Investment Management

Ark Innovation (ARKK) is a fund that invests in innovative technologies and companies, as well as funds like GBTC. Ark investment says they see the internet, mobile, and other technologies transforming the world’s business models. “We’re believers in bitcoin, the currency, and Bitcoin, the technology platform,” explains Ark’s Founder and Chief Investment Officer Cathie Wood. Currently, Ark has four ETF’s for investors to choose from which include the Industrial Innovation ETF, Web x.0 ETF, Genomic Revolution Multi-Sector ETF, and the Innovation ETF.

Ark Innovation’s one year chart shows a significant spike over the past six months.

Self-Directed IRAs

There are other ways investors can add bitcoin to their portfolios like self-directed IRAs. The California-based company Bitcoin IRA allows you to purchase bitcoins or ethereum with traditional IRAs or a 401K. The firm’s offering is a modest interest bearing account that utilizes the high returns from ETH and BTC markets. Other self-directed IRAs can allow people to purchase bitcoin as well through companies like the Millennium Trust, Entrust Group, and Pensco. “Technology is having a transformative effect on our daily lives, and the alternative investment industry is no different,” explains Millennium Trust.

Mainstream Investment funds and IRAs That Include Bitcoin Are Prospering

There are many other ways mainstream investors can gain exposure to bitcoin rather than purchasing it directly, and more are popping up in great number. Just recently Bitcoin.com reported on Britain’s largest online trading platform, Hargreaves Lansdown, which has announced it will allow its customers to invest in bitcoin. The firm commands over £70bn of investors funds and will allow its 876,000 customers access to the decentralized currency. With cryptocurrencies performing so well and gaining in value exponentially many more mainstream funds and IRAs are likely to include digital assets for their customer’s portfolios. While there are no ‘official’ Securities and Exchange Commission approved ETFs at the moment there are still plenty of similar investment options in 2017.

What do you think about these funds and IRAs? Let us know in the comments below.

Images via Shutterstock, Pixabay, BK Capital Investments, GBTC, Google, Steemit, and Ark Invest.

Need to calculate your bitcoin holdings? Check our tools section.

Source link

Source: http://bitcoinswiz.com/investment-funds-that-offer-cryptocurrency-exposure-see-big-gains/

[smartmoneynewz]

FOX BIZ NEWS: An ETF to Access Disruptive Companies Like Bitcoin

An ETF to Access Disruptive Companies Like Bitcoin ETF Trends publisher Tom Lydon discussed the ARK Web x.0 ETF (ARKW) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. ARKW is an ETF to access disruptive companies like Bitcoin that could help transform the market. The fund tracks a number of companies that benefit from increase use of shared technology, infrastructure and services…

#business news