Ark Invest ETFs

HMAN

Supremacy Member
Joined
Jan 6, 2002
Messages
5,363
Reaction score
721
Purchased ARKK at 98,10 minutes before panic sell off started.

Sent from Samsung SM-T830 using GAGT
 

Han Shot First

Senior Member
Joined
May 28, 2017
Messages
690
Reaction score
15
Which coy in ark ish bitcoin

I thought I saw and quite solid

Grayscale Bitcoin Trust (BTC) (Ticker symbol: GBTC) constitutes about 1.88% of ARKW.

According to Investopedia:
Because the Trust is currently the only fund of its kind specifically for bitcoin, investors have been paying a high premium. In Sept. 2018, shares of GBTC traded at a high of $7.95, which was around 20% higher than the value of the bitcoin within the trust that each share represented at that time. Although that premium is significant, it’s lower than it has been in the past — GBTC has closed at prices more than two times the value of its underlying bitcoins. Grayscale offers that prices are dictated by the market and not by Grayscale itself, so price fluctuations may be a result of supply and demand.
 

Han Shot First

Senior Member
Joined
May 28, 2017
Messages
690
Reaction score
15
quite surprised only drop 3% even tho tesla down 20%

Yeah, quite surprised by the comparatively small percentage drop. Perhaps it shows that ARK ETFs are sufficiently diversified.

However, ARK Invest did sell off (a significant amount of) Tesla stock in the relevant ARK ETFs before the recent US stock market pullback. ARK Invest's Trading Desk executed excellent market timing.

Perhaps that's one of the reasons to pay for active management.
 

moolala

Arch-Supremacy Member
Joined
Mar 2, 2020
Messages
12,241
Reaction score
948
Yeah, quite surprised by the comparatively small percentage drop. Perhaps it shows that ARK ETFs are sufficiently diversified.

However, ARK Invest did sell off (a significant amount of) Tesla stock in the relevant ARK ETFs before the recent US stock market pullback. ARK Invest's Trading Desk executed excellent market timing.

Perhaps that's one of the reasons to pay for active management.

some ppl tell me its because tesla hit 10% of porfolio thats why they sold and not because active management

if its because active management, then i really think can put $$ in

when i saw cathie latest vid, can tell she wanted to exit entire tesla cuz she knows gonna crash
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top