ARKUSDT
Ark / Tether USD
crypto Composite

I would avoid ARK funds like the plague. I don’t understand how Kathie is so highly respected.

I am surprised they changed their ticker. Maybe they wanted to get rid of their reputation. Latest NAV IS $14.24 and it’s trading at $12.50. Nothing stands out from the holdings perspective. The projected NAV will have to be a tedious calculation due to the mix of public/private basket and fixed income as well. They even have stake in an ARK fund lol. I don’t think this has much potential either way. Low liquidity and market cap so it can always be a little volatile.

Morningstar put out a piece this week asking whether thematic etfs are a $300B trap, i think they are being generous.
Nearly a third of 1100 etfs launched in this year are classified as trading tools which are leveraged or inverse products targeting single stocks, cryptocurrencies or hyperspecific themes. There are now roughly 600 of these available to US investors, MSTU,(the 2x leveraged strategy etf) is down 91% over the past year against MSTR's 67% decline which iss daily compounding doing exactly what its mathematically designed to do in a downtrend
The marketing on these products is impressive tho , they get named things like "Defiance daily target 2X long NVDA etf" which sounds like a reasonable way to get more nvidia exposure but is a product that resets daily which means in a volatile sideways market you can lose money even if the underlying stock ends exactly where it started and its in prospectus too
ARK style innovation funds, ai theme etfs, clean energy funds ,all charge 0.5-0.75% expense ratios for concentrated exposure to trends that are already fully priced into the stocks they hold. its paying active management fees for passive exposure to yesterday's consensus and the data on thematic etf performance consistently shows underperformance versus broad index funds over any 5year window.
The boring answer remains boring as VOO overtook SPY as the world's largest ETF earlier this year with 0.03% expense ratio, 500 companies, no theme, leverage and daily reset. For EU investors building long term positions, platforms like traderepublic and bitpanda both offer VOO and equivalent broad market etfs
How many people here have held a leveraged singlenstock etf for more than 3 months and come out ahead?