Cathie Woods ARKK Suffers Record Losses, Billions Lost

Cathie Woods' ARKK ETF experienced a record losing streak, with a 10-day loss in January, the longest in its history. The fund's performance has been underwhelming over the past five years, with a decline of over 50% compared to the Nasdaq 100's 80% gain. The managed assets have decreased from $28 billion in February 2021 to $6 billion currently, an 80% drop. The fund has seen net outflows of $120 million since the beginning of the year.