Cathie Wood's ARKK Fund Sticks to Crypto Bets Amid Market Rout

Ark Invest's flagship ARKK ETF continues to hold a substantial allocation to cryptocurrency and digital finance companies, despite the current market weakness.

The fund's portfolio disclosure shows that it holds major crypto stocks including Robinhood, Coinbase, Circle, Bullish, and BitMine. Among these holdings, Robinhood has the largest weighting at 4.75% of total assets.

While several crypto stocks traded lower alongside the decline in digital assets, Robinhood moved in the opposite direction after a price-target increase from Goldman Sachs.