ARKK is the embodiment of the day trader army LMAO. People who think Tesla will generate 500B a year of robotaxi revenue by 2025 aren't exactly conservative institutional investors...
Up until 2021, the TSLA to ARKK correlation of coefficient was 0.9923! [0] I have always seen ARKK being mentioned with TSLA. Aside from it being mentioned in crappy posts that were trying to pump and dump shitty stocks. It is a freaking ETF they have other investments. But it is not your traditional ETF because it is volatile af.
They have bought into hype stocks into bad prices [1]. Roku, ZM, TDOC, CRISPR, SPOT, SHOP, DKNG, RBLX. All of these hype stocks. Very little reasoning behind valuation but they paid for it. ARKK is a terrible terrible metric for anything.
