ARK is amending prospectus language for its ETFs

by ShaidarHaran2

  • Specify risks of investing in SPACs
  • Remove limit on ADRs, warrants, preferreds, etc
  • Remove 10% limit on investing of assets in single firm, up to 30% now
  • Remove limit on investing in 20+% of a single firm’s shares

Seems to allow them to make even bigger bets on specific plays, i.e they were previously capping Tesla at 10% of their holdings in ARKK as it grew. Not sure how I feel about anything being allowed to run to 30%.




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