The new structure ports the famous tax efficiency of an ETF into a mutual fund.
The ARK Innovation ETF has returned almost 22% since the start of January.
The ETF invests in a range of well-established Wall Street players including the likes of Nasdaq Inc. and Intercontinental Exchange Inc.
The ETF started the year with just $60 million in assets.
The fund will invest in private and public companies focused on tech-powered innovation.
Are oft-maligned leveraged ETFs making markets more volatile around the close?
While the rest of Wall Street was ditching the stock, Wood and her team stuck to their playbook.
ETPs globally tracking everything from bitcoin to polkadot are still drawing in cash this year.
Wood's main ETF is the standard-bearer for the brutal selloff in expensive tech shares.
The exchange-traded product tracks the troubled Luna token.
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