ARKF is trading at $43.00 (-6.72%) after hawkish Jackson Hole guidance increased rate-hike concerns, pressuring growth-oriented technology and fintech assets.
- U.S.-Iran fighting, higher oil, weaker Asian markets, and mixed futures reduced overnight risk appetite.
- Falling Bitcoin and Ethereum prices likely weighed on ARKFβs crypto-related holdings.
- The sharp move appears amplified by concentrated exposure to Shopify, Coinbase, Robinhood, and Block.