ST.
PETERSBURG, Fla., March 10,
2025 /PRNewswire/ -- ARK Investment Management LLC
("ARK") announced today plans to change the primary listing venue
of three of its innovation ETFs from NYSE Arca, Inc. to the
Cboe BZX Exchange, Inc. The three funds are:
- ARK Innovation ETF (ARKK): The flagship fund focused on
disruptive innovation across multiple sectors, offering investors
exposure to cutting-edge technologies shaping our future.
- ARK Next Generation Internet ETF (ARKW): A dynamic fund
capturing the evolution of the internet, including AI-driven
advancements and blockchain technologies.
- ARK Fintech Innovation ETF (ARKF): A forward-looking fund
targeting companies at the forefront of the financial technology
revolution.
ARK anticipates that these ETFs will begin trading on the Cboe
BZX Exchange, Inc. under their current ticker symbols on or about
March 26, 2025, although this date is
subject to change. No shareholder action is required as a result of
this change.
This move represents a natural progression in ARK's relationship
with Cboe Global Markets, which has now become the primary listing
venue for ARK's ETFs globally. This strategic partnership
underscores ARK's commitment to providing investors with the most
efficient and innovative investment vehicles possible.
About ARK Investment Management LLC
ARK Investment
Management LLC is a federally registered investment adviser and
privately held investment firm. Specializing in thematic investing
in disruptive innovation, the firm is rooted in over 40 years of
experience in identifying and investing in innovations that should
change the way the world works. Through its open research process,
ARK identifies companies that it believes are leading and
benefiting from cross-sector innovations such as robotics, energy
storage, multiomic sequencing, artificial intelligence, and
blockchain technology. ARK's investment strategies include
Autonomous Technology and Robotics, Next Generation Internet,
Genomic Revolution, Fintech Innovation, Space Exploration &
Innovation, 3D Printing, Israel Innovative Technology, the overall
ARK Disruptive Innovation Strategy, and the ARK Venture Fund. For
more information about ARK, its offerings, and original research,
please visit www.ark-invest.com.
For additional information regarding ARK's funds, please
visit http://www.ark-funds.com.
For more information regarding ARK's research and advisor
services, please visit http://www.ark-invest.com.
Distributor: Foreside Fund Services, LLC
Investors should carefully consider the investment
objectives and risks as well as charges and expenses of an ARK ETF
before investing. This and other information are contained in the
ARK ETFs' prospectuses, which may be obtained by
visiting www.ark-funds.com. The prospectus should be read
carefully before investing.
Companies that ARK believes are capitalizing on disruptive
innovation and developing technologies to displace older
technologies or create new markets may not in fact do so. Companies
that initially develop a novel technology may not be able to
capitalize on the technology. These companies may also be exposed
to risks applicable to sectors other than the disruptive innovation
theme for which they are chosen, and the securities issued by these
companies may underperform the securities of other companies that
are primarily focused on a particular theme.
The principal risks of investing in the ARK ETFs include:
Equity Securities Risk. The value of the equity
securities the ARK ETF holds may fall due to general market and
economic conditions. Foreign Securities Risk.
Investments in the securities of foreign issuers involve risks
beyond those associated with investments in U.S.
securities. Health Care Sector Risk. The Health
Care Sector may be affected by government regulations and
government health care programs. Industrials Sector
Risk. The industrials sector includes companies engaged in
the aerospace and defense industry, electrical engineering,
machinery, and professional services. Financial Technology
Risk. Companies that are developing financial technologies
that seek to disrupt or displace established financial institutions
generally face competition from much larger and more established
firms. Fintech Innovation Companies may not be able to capitalize
on their disruptive technologies if they face political and/or
legal attacks from competitors, industry groups or local and
national governments. A Fintech Innovation Company may not
currently derive any revenue, and there is no assurance that such
company will derive any revenue from innovative technologies in the
future. Financial Sector Risk . The factors that
impact the financial sector will likely have a greater effect on
this Fund than on a fund with less exposure to such
sector. Information Technology Sector
Risk. Information technology companies face intense
competition, both domestically and internationally, which may have
an adverse effect on profit
margins. Cryptocurrency Investment
Risk. ARKW may have exposure to
cryptocurrency, such as bitcoin,
indirectly through an investment in a grantor trust (e.g., the
Grayscale Bitcoin Trust (BTC)) that will experience
any associated volatility of the underlying
cryptocurrency. The Fund's exposure to
cryptocurrencies may change over time and,
accordingly, such exposure may not always be present in the Fund's
portfolios. Cryptocurrencies such as
bitcoin are not ''fiat'' currencies of any central
bank or government and currently are not subject to the authority
of any central bank or government authority and are therefore not
backed by any government, and regulatory and tax treatment of
cryptocurrencies continues to develop. Please see the
ARK ETFs' current prospectuses for more detailed descriptions of
the risks of investing in the ARK ETFs.
Contact: Shaina Lamb,
517-652-1296, shaina@dlpr.com
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SOURCE ARK Investment Management LLC
