Cathie Wood's Ark Invest to Add OpenAI Stake to ETFs

BlockBeats News, April 1st, according to Bloomberg, Cathie Wood will add OpenAI to the ARKK, ARKF, and ARKW funds. Reportedly, each fund will hold about 3% of the shares, allowing retail investors to directly invest in one of the world's most sought-after private companies.

Ark Invest previously announced its ownership of OpenAI in 2024 through its ARK Venture Fund (a private VC fund) and has increased its holdings multiple times (including $250 million in October 2024).