ARK Next Generation Internet ETF (ARKW)
After hours:
- Yahoo Finance Video
ARK's crypto moves, Boeing, Mullen Automotive: Trending tickers
Cathie Wood's Ark Invest has made some changes in its Next Generation Internet ETF (ARKW), exiting its position in the Grayscale Bitcoin Trust (GBTC) and buying the ProShares Bitcoin Strategy ETF (BITO). Wood says that the move was made in case the Grayscale Bitcoin Trust conversion to an ETF is not approved by the Securities and Exchange Commission. In an interview with Yahoo Finance earlier this week, Wood says she expects the SEC to approve a number of spot bitcoin ETFs all at once when a deadline is reached next month. Boeing (BA) has urged airlines to inspect 737 Max jets over a potential loose bolt. EV startup Mullen Automotive (MULN) saw its stock jump after announcing delivery of 50 electric cargo vans to a dealership group for $1.7 million. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Zacks
Actively Managed ETFs Are Roaring: Here's Why
Active funds, which just make up for a tiny fraction i.e. less than 6% of the $7 trillion ETF industry, have attracted about 30% of the total flows to ETFs so far this year.
