Why did ARKK take off so explosively this year? (putting, vs, balance)

[mathjak107]

Funny but that is what bitcoin did

[flamadiddle]

Originally Posted by My Kind Of Town

You’ve said this a couple times now but it is incorrect. ARKK does not hold bitcoin. Where are you getting this from?

I believe they own Grayscale Bitcoin Trust (GBTC). Not directly Bitcoin but it follows pretty close.

[My Kind Of Town]

Originally Posted by flamadiddle

I believe they own Grayscale Bitcoin Trust (GBTC). Not directly Bitcoin but it follows pretty close.

Not in ARKK, only in ARKW

[mathjak107]

Originally Posted by flamadiddle

I believe they own Grayscale Bitcoin Trust (GBTC). Not directly Bitcoin but it follows pretty close.

Yep , ark owns bitcoin through gbtc ..but it looks like Arkw has it . But arkk owns Coinbase itself

https://cryptopotato.com/bought-the-...s-in-two-days/

[My Kind Of Town]

Originally Posted by mathjak107

Yep , ark owns bitcoin through gbtc ..but it looks like Arkw has it . But arkk owns Coinbase itself

https://cryptopotato.com/bought-the-...s-in-two-days/

Like I said, ARKK does not hold bitcoin.

[LordSquidworth]

https://ark-funds.com/funds/arkk/

They took the one year return off their page.

[mojo101]

IMF has something to say about Bitcoin to El Salvador

[Bartpool]

Originally Posted by LordSquidworth

https://ark-funds.com/funds/arkk/

They took the one year return off their page.

Down 50 percent if anyone was wondering. Guess that's what happens when you keep averaging down on stocks that are hated by the market.

[My Kind Of Town]

https://www.bloomberg.com/news/artic...-gains-in-2021

They make millions on the way down and millions on the way up

[mathjak107]

that was a quick reversal .

up 10% and down just about 10% if we include this mornings pre market drop.

looks like facebook is doing a bitcoin style plunge this morning , down 22% . wow , now that is a crash with that kind of overnight plunge . that is incredible punishment