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.
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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.