ARK Fintech Innovation ETF Experiences Significant Outflow of $350.3 Million

The ARK Fintech Innovation ETF (ARKF) experienced a significant outflow of approximately $350.3 million, a 28.5% decrease in shares outstanding from 31.2 million to 22.3 million. The outflow coincides with a decline in underlying components Coinbase Global Inc, Robinhood Markets Inc, and Toast Inc. The ETF's price has fallen to $37.72, down from its 52-week high of $59.20.