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Cathie Wood’s ARK Invest Active in DKNG, RKLB, and RBLX Trades
Cathie Wood’s ARK Invest Active in DKNG, RKLB, and RBLX Trades
BTCCSquare news:
Cathie Wood's ARK Invest made notable moves on October 14, with the ARK Innovation ETF (ARKK) acquiring 236,289 shares of DraftKings ($DKNG), a leader in the U.S. sports betting market. Meanwhile, ARKK reduced its position in an unnamed small-cap sports management firm.
The trades reflect Wood's continued focus on disruptive growth companies, though no direct cryptocurrency or digital asset activity was reported in this batch. ARK's Space Exploration & Innovation ETF (ARKX) also saw activity, underscoring the firm's thematic investment approach.
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