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Cathie Wood's ARKK Innovation ETF Rallies as Tech Roars Back

Summary by 247wallst.com
Key Points ARK Innovation ETF (NYSEARCA: ARKK) has surged to a 52-week high, rebounding from a low of $36 to $71 as core holdings like Nvidia (NASDAQ: NVDA), Coinbase (NASDAQ: COIN), and Palantir (NYSE: PLTR) regain investor confidence. Cathie Wood’s long-term commitment to speculative tech and fintech names through deep selloffs has been validated by recent profitability and market acceptance of early-stage bets. ARKK remains a high-volatili…

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Cathie Wood’s investment firm sold nearly 125,000 Coinbase shares while prices are approaching historic peaks. ARK has also been downloading Circle in the midst of a rise in quotes. *** Cathie Wood’s investment firm sold nearly 125,000 Coinbase shares. COIN reached a new historic peak of USD $380 last week. It adds to previous sales, raising COIN downloads to USD $95 million in 3 days. Ark Invest, Cathie Wood’s investment firm, continues to redu…

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The Motley Fool broke the news in Alexandria, United States on Monday, June 30, 2025.
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