ARKW, also dubbed “Trump 2.0”, is up +31% since the election
Bitcoin is now the largest holding in terms of market cap in Cathie Wood’s ARK Next Generation Internet ETF, an investment product that focuses on Internet and tech-focused businesses and assets. As the hosts of the Bloomberg ETF IQ noted in their latest show, BTC now accounts for 12% of the fund’s $1.8 billion market cap. Interestingly, the fund’s 2,033 BTC allocation is not even close to breaking the top of the Bitcoin rich list despite the massive $215 million valuation at current rates.
📈 $BTC leads all holdings in Cathie Wood’s $ARKW, $1.8 billion ETF focused on #crypto and tech. pic.twitter.com/Z6YwgmqSTF
— CoinCodex (@CoinCodex) January 24, 2025
“Tesla is 11%, then you’ve got Coinbase here. So, about a quarter of the fund is invested in Tesla and crypto. So that’s a big reason why it’s called the Trump 2.0. You’ve got a lot of other, sort of high-flying names in here as well,” the show’s host noted and added: “Another reason we call it that, it’s up 31% since the election. That’s a lot.” Meanwhile, the broader S&P 500 Index is up just 5% in the same time period.
It’s worth noting that Wood recently appeared on Bloomberg ETF IQ, where she was asked about the Trump coin. When asked if ARK Invest would consider buying Trump coin, Wood made it clear that meme coins are not part of their investment strategy and that the company is sticking to Bitcoin, Ethereum, and Solana. However, she did credit Trump, saying that “he’s ushering in the next phase of the crypto revolution.”
