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Zenger
Zenger
Business
Piero Cingari

Cathie Wood’s Ark ETFs Gain More Than $600 Million In A Single Day

ARK Cathie Wood ETF Bitcoin Nasdaq electric vehicle Grayscale
Cathie Wood‘s ARK ETFs experienced an extraordinary surge Tuesday. (MARCOBELLO/GETTY IMAGES)

Cathie Wood‘s ARK ETFs experienced an extraordinary surge Tuesday, propelling assets under management to nearly $13 billion and marking a staggering $600-million increase in a single day.

The impetus for the surge came from a widespread rally in both crypto-related and electric vehicle stocks. Ark ETFs boast a diversified portfolio, comprising eight exchange-traded funds. Cathie Wood’s flagship fund, ARK Innovation ETF (NYSE:ARKK), gained 5.34% and saw its AUM rise by nearly $400 million to $7.3 billion.

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