Cathie Wood’s Ark Innovation ETF surged over 30% since Donald Trump’s reelection, bolstered by Tesla's rally, which constitutes over 16% of the fund's holdings. ARKK experienced over $3 billion in outflows in 2024, including over $70 million in recent weeks in a record year for ETFs. Coinbase and Robinhood shares surged significantly, fueled by optimism about pro-crypto policies under Trump. Pandemic favorites like Roku and Pinterest continued to struggle. Wood maintains confidence in a Trump-led era of innovation, predicting deregulation will drive tech growth reminiscent of the Reagan years.
