Timeline of Ark Invest

This is a timeline of Ark Invest, an American investment management firm based in St. Petersburg, Florida. Founded by Cathie Wood, the firm is known for its focus on investing in disruptive and innovative technologies, including fields such as artificial intelligence, DNA sequencing, robotics, electric vehicles, and blockchain technology.

Sample questions

The following are some interesting questions that can be answered by reading this timeline:

Big picture

Time period	Development summary	More details

Full timeline

Year	Month and date	Event type	Details
2014	-	Founding	ARK Investment Management LLC, commonly known as ARK Invest, is founded by Cathie Wood in St. Petersburg, Florida. The company is named after the Ark of the Covenant and also stands for Active Research Knowledge. Wood leaves AllianceBernstein, where she was the chief investment officer of global thematic strategies, due to her innovative ideas being deemed too risky.
2014	October	Launch	ARK Invest launches its first four actively managed exchange-traded funds (ETFs): the Innovation ETF, the Genomic Revolution ETF, the Next Generation Internet ETF, and the Autonomous Technology & Robotics ETF.
2016	-	Fund Launch	ARK introduces the 3D Printing ETF.
2017	-	Fund Launch	The Israel Innovative Technology ETF is launched.
2017	-	Stake Acquisition	Nikko Asset Management acquires a 15% stake in ARK Invest, following the success of a Global Fintech Equity Fund. Nikko gains exclusive rights to offer ARK products in Japan and the broader Asia-Pacific region.
2019	-	Fund Launch	The Fintech Innovation ETF is introduced.
2020	November	Acquisition Attempt	Resolute Investment Managers announce its intention to acquire a majority stake in ARK Invest.
2020	December	Repurchase	Cathie Wood repurchases the option to acquire a majority stake from Resolute Investment Managers, retaining control of the company. Resolute Investment remained a minority shareholder.
2020	December	Milestone	The Innovation ETF becomes the largest actively managed ETF with $17 billion in assets under management and achieved a 170% return for the year.
2021	January 11	Milestone	ARK Invest becomes one of the top 10 issuers of exchange-traded funds.
2021	June	Filing	ARK files to create a bitcoin ETF under the ticker ARKB, pending SEC approval.
2021	October	Relocation	ARK Invest moves its office from New York City to St. Petersburg, Florida.
2021	November	Fund Launch	The Short Innovation ETF is launched, providing inverse exposure to the ARK Innovation ETF.
2022	July 31	Fund Closure	ARK Invest announces the closure of the Transparency ETF (CTRU) due to the discontinuation of the Transparency Index by Transparency Global.
2022	November 22	Statement	Cathie Wood states a $1 million bitcoin price target by 2030 during an interview on Bloomberg TV.
2023	April 25	Re-filing	ARK re-files to launch the spot bitcoin ETF in the US.
2024	January 10	Approval	The SEC approves ARK's spot bitcoin ETF, which begins trading the following day.
2024	August	Assets Update	ARK's assets under management drop to $6.71 billion, down from $50 billion at the peak in February 2021.

Meta information on the timeline

How the timeline was built

The initial version of the timeline was written by FIXME.

Funding information for this timeline is available.

Feedback and comments

Feedback for the timeline can be provided at the following places:

• FIXME

Timeline update strategy

• Add Cathie Woods interviews with Elon Musk, Peter Diamandis, etc