ARKK ETF Sets Record with $800 Million Inflow Amid 50% Surge in Three Months

Key Points

1. ARKK ETF attracted an unprecedented $800 million in capital inflow in a single day on August 1st, 2024.

2. ARKK's 50% gain over three months doubled the returns of benchmarks such as SPY, QQQ, and IBIT.

3. ARKW ETF contributed $150 million in inflows, bringing the total capital entering ARK funds close to $1 billion in one day.

4. ARKK's outperformance is attributed to its focus on disruptive technologies and high-growth companies.

5. Bloomberg ETF Senior Analyst Eric Balchunas noted this as a record-setting event in ETF capital inflows.