Ark Invest saw SPCX plunge 16.4% to $154.60 on Monday, giving up almost all of its post-IPO gains. Such a correction is consistent with the general risk-off mood of investors, which caused a sell-off in growth and thematic ETFs. This trend also spread to crypto-related companies. Even so, Ark Invest’s buying is consistent with conviction in long-term exposure to frontier technology, even as […]
