What is the correlation between NYSEARCA ARKW and cryptocurrencies?

3 answers

• Dec 29, 2021 · 3 years ago
  NYSEARCA ARKW and cryptocurrencies have a correlation due to the fact that ARKW is an ETF that focuses on investing in companies involved in disruptive innovation, which includes blockchain technology and cryptocurrencies. As the popularity and adoption of cryptocurrencies increase, it can have an impact on the performance of companies in ARKW's portfolio, leading to a correlation between the two. Additionally, any major developments or news related to cryptocurrencies can also affect the overall sentiment and performance of ARKW.
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• Dec 29, 2021 · 3 years ago
  The correlation between NYSEARCA ARKW and cryptocurrencies is not fixed and can vary over time. While ARKW may have exposure to companies involved in cryptocurrencies, it also invests in other innovative sectors. Therefore, the correlation can be influenced by various factors such as market conditions, regulatory changes, and the overall performance of the companies in ARKW's portfolio. It's important to analyze these factors to understand the current correlation between ARKW and cryptocurrencies.
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• Dec 29, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that NYSEARCA ARKW and cryptocurrencies do have a correlation. ARKW invests in companies that are at the forefront of disruptive technologies, including blockchain and cryptocurrencies. This means that any significant movements in the cryptocurrency market can impact the performance of ARKW. However, it's important to note that ARKW is a diversified ETF and its performance is influenced by various factors, not solely cryptocurrencies. Therefore, it's crucial to consider the overall market conditions and the performance of the companies in ARKW's portfolio when analyzing the correlation between ARKW and cryptocurrencies.
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