According to a PR Newswire report, ChainCatcher reports that ARK Investment Management plans to change the primary listing venue of its three innovative ETFs from NYSE Arca, Inc. to Cboe BZX Exchange, Inc. The three funds are:
ARK Innovation ETF (ARKK): This flagship fund focuses on disruptive innovation across multiple sectors, providing investors with exposure to transformative technologies shaping our future.
ARK Next Generation Internet ETF (ARKW): A dynamic fund capturing the evolution of the internet, including AI-driven advancements and blockchain technology.
ARK Fintech Innovation ETF (ARKF): A forward-looking fund targeting companies at the forefront of the financial technology revolution.
ARK expects these ETFs to begin trading on the Cboe BZX Exchange, Inc. under their current tickers around March 31, although this date may change. This change does not require any action from shareholders.
Recent data shows that Coinbase is the sixth-largest holding in ARKW, accounting for 6% of the portfolio, valued at approximately $99.01 million. Additionally, ARKK increased its Coinbase position by 29,353 shares this past Thursday, making Coinbase the third-largest holding in ARKK, representing approximately 71.4% of the fund.
