ARK Innovation ETF Sell-Off Deepens as Outflows Accelerate

The ARK Innovation ETF (ARKK) continues to experience a significant sell-off, marked by accelerating investor outflows and underperformance. The fund has seen over $123 million in net outflows in July and $1.49 billion over the past year, reducing its assets under management to $6.5 billion from a peak of over $50 billion in 2021. Key holdings like Tesla, SpaceX, and Tempus AI have also seen substantial declines, further contributing to the ETF's struggles and raising concerns about its high expense ratio compared to benchmark ETFs.