Cathie Woods Ark ETF recorded the best month of all time in January

Cathie Woods Ark ETF recorded the best month of all time in January
Cathie Woods Flagschiff-ETF-the ARK Innovation Fund-average in January better than in any other month since its introduction in 2014.
This comes after a brutal year of the decline for the fund, which focuses on long-term investments in disruptive technologies-including the crypto industry.
Ark jumps back
in January ARK recorded a total profit of around 28 %, with a profit of 3.7 % alone on Tuesday. The month starts at around $ 30 and is traded for $ 39.72 at the time of writing.
The winnings are a calming sign according to the technology-oriented fund, which fell by 21 % in 2021 and in 2022 by a whopping 69 %, in the midst of tightening macroeconomic conditions that devastated shares and crypto equally.
January, however, was friendlier for the technology industry, since the markets took trust again in response to promising inflation data in December. Since the once brand hot inflation begins to cool down, some believe that the Federal Reserve could be ready to reverse the course and reduce interest rates again, which would be a blessing for the markets.
Bitcoin has risen by 41 % since the beginning of the last month, while the Nasdaq has increased by about 14 %. Each on Wednesday shortly after the Federal Reserve recorded significant profits announced an rate increase of 25 basis points-milder than in the previous months.
One of the biggest winners since the beginning of January has Tesla -since he had fallen by 64 % last year. It was one of the main reasons for the success of ARK in the past month after Wood had entered the Tesla share with over $ 19 million in the past few weeks.
other large winners for ARK were Spotify and Roku, which were added by 45 % and 49 % in each case.
cryptoinvestment from Ark
In ARK is strongly invested coin basis largest crrypto exchange, which is 4.5 % of the portfolio of the company. This is a position worth $ 347 million-even afterwards Cost some stocks back in July. Although it has still decreased by 66 % in the year, Coin has increased by 95 % since the beginning of the year.
The other big crypto game from ARK is GBTC-the closest form of the fund's commitment to Bitcoin. The shares of the fund are now traded for $ 12.54, which corresponds to an increase of 52 % since last month. While ARK won shares worth 4.5 million US dollars in November, last month after his recovery, he again thrown 500,000 stocks on the market.
Nevertheless, GBTC is traded with a massive discount of 42 % compared to its underlying Bitcoin stocks, since the supervisory authorities refuse to allow the fund to become a standard spot ETF. Wood tried to put on his own Bitcoin ETF alongside 21shares, but has come across the same resistance.
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