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The ARK plan will include the private company OpenAI in its partial ETF.
Golden Finance reports that on April 1, according to Bloomberg, Cathie Wood’s ARK Investment Management plans to add an OpenAI exposure in holdings across three ETFs, including the ARK Innovation ETF, the ARK Fintech Innovation ETF, and the ARK Next Generation Internet ETF. The target allocation for each fund is about 3%.
Bloomberg ETF analyst Eric Balchunas said this is the 4th ETF to add exposure to private companies like OpenAI, and it definitely won’t be the last. It reflects the continued rise in demand from retail investors for allocations to popular unlisted tech companies.