Overview
ARK's active next-gen internet ETF focused on AI infrastructure, cloud computing, crypto platforms, and digital disruption. Cathie Wood's second-largest fund with Tesla, Coinbase, and Roku among top holdings.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| TSLA | Tesla Inc. | 9.8% |
| COIN | Coinbase Global | 8.4% |
| META | Meta Platforms | 6.8% |
| NVDA | NVIDIA Corp. | 6.4% |
| ROKU | Roku Inc. | 5.8% |
| SHOP | Shopify Inc. | 5.4% |
| TWLO | Twilio Inc. | 4.8% |
| PLTR | Palantir Tech. | 4.4% |
| SQ | Block Inc. | 3.8% |
| U | Unity Software | 3.4% |
Fund Details
Investment Thesis
ARKW represents Cathie Wood's thesis on the next generation of internet infrastructure, focusing on the convergence of AI, cloud computing, digital payments, and the emerging decentralized web. Unlike ARKK which spans multiple disruptive themes, ARKW concentrates on internet-native companies building the digital economy's infrastructure. Cryptocurrency exchange exposure through Coinbase and Bitcoin-adjacent holdings adds a decentralized finance dimension absent from most technology ETFs. The fund delivered extraordinary gains during the 2020-2021 innovation boom followed by severe drawdowns in 2022.
Who It's For
Long-term conviction investors who align with Cathie Wood's research process on next-generation internet platforms including AI services, cloud computing, and crypto infrastructure. ARKW suits those comfortable with extreme volatility and binary outcomes around technology adoption timelines. The 0.88% expense ratio reflects active management costs that investors must believe will generate sufficient alpha over passive technology alternatives.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $24.42 | -- |
| 2017 | $32.18 | +31.8% |
| 2018 | $29.42 | -8.6% |
| 2019 | $48.82 | +65.9% |
| 2020 | $148.42 | +204.1% |
| 2021 | $112.18 | -24.4% |
| 2022 | $38.42 | -65.8% |
| 2023 | $52.42 | +36.4% |
| 2024 | $62.18 | +18.6% |
| 2025 | $82.56 | +32.8% |
| Year | Yield |
|---|---|
| 2016 | 0.00% |
| 2017 | 0.00% |
| 2018 | 0.00% |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.00% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $0.4B | +100.0% |
| 2018 | $0.4B | 0.0% |
| 2019 | $1.2B | +200.0% |
| 2020 | $8.4B | +600.0% |
| 2021 | $8.0B | -4.8% |
| 2022 | $2.4B | -70.0% |
| 2023 | $3.2B | +33.3% |
| 2024 | $2.0B | -37.5% |
| 2025 | $1.8B | -10.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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