Tesla, Roku and Coinbase dominate ARKK’s top 3

Description

Tesla Inc. (TSLA) turned to the biggest holding of Cathie Wood’s flagship ARK Innovation ETF (ARKK). However, Roku Inc. and Coinbase Global Inc. also made it to the top 3 holdings of the ETF, suggesting a solid upward trajectory for these companies. This comes in when ARKK recorded its biggest single-day cash injection ever of $800 million at the beginning of August. This inflow helped the fund snap a brutal run of 18 consecutive months of net outflows. The Innovation ETF has managed to surge by...