Cathie Wood’s Ark Innovation ETF Gains 30% Post-Trump Win But Faces $3 Billion Outflows

Benzinga

Cathie Wood’s Ark Innovation ETF surged over 30% since Donald Trump’s reelection, bolstered by Tesla's rally, which constitutes over 16% of the fund's holdings. ARKK experienced over $3 billion in outflows in 2024, including over $70 million in recent weeks in a record year for ETFs. Coinbase and Robinhood shares surged significantly, fueled by optimism about pro-crypto policies under Trump. Pandemic favorites like Roku and Pinterest continued to struggle. Wood maintains confidence in a Trump-led era of innovation, predicting deregulation will drive tech growth reminiscent of the Reagan years.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:04Cathie Wood's ARK Innovation ETF surged over 30% since Donald Trump's re-election,

00:09bolstered by Tesla's rally, which constitutes over 16% of the fund's holdings. ARK experienced

00:15over $3 billion in outflow in 2024, including $70 million in recent week, a recorded year for ETFs.

00:22Coinbase and Robinhood shares surged significantly, fueled by optimism about pro-crypto policies

00:27under Trump. Pandemic favorites like Roku and Pinterest continue to struggle. Wood maintains

00:32confidence in a Trump-led era of innovation, predicting deregulation will drive tech growth,

00:38reminiscent of the Reagan years. For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Recommended