Cathie Wood Is Now Letting You Invest Directly in OpenAI Through Her Flagship ARKK ETF

On March 31, OpenAI successfully executed its largest-ever funding round, raising $122 billion at a valuation of $852 billion. Since OpenAI is a private company, retail investors do not read much into the company’s valuation. However, this time was different, not because it was the largest ever funding round but because one of the buyers was a familiar name: Cathie Wood of ARK Invest. 

Cathie’s trades are closely followed by stock market enthusiasts, but the reason this one stands out is that it gives people a chance to gain exposure to Sam Altman’s OpenAI. The fund manager spread her purchase of $240 million worth of OpenAI shares across the three flagship ETFs: ARK Innovation ETF (ARKK), ARK Next Generation ETF (ARKW), and the ARK Blockchain and Fintech Innovation ETF (ARKF).