ARKF is trading at $44.99 (-3.10%) as the 10-year Treasury yield reached 5.0286%, its highest since 2007, pressuring growth and technology-linked assets.
- Bitcoin and other cryptocurrencies are weakening ahead of the September 15 Senate procedural vote on the CLARITY Act, reversing some of ARKF’s crypto-related strength from September 14.
- Higher oil prices and expectations for further Federal Reserve rate increases add to macro pressure.