Bitcoin has become the largest holding in Cathie Wood's ARK Next Generation Internet ETF, accounting for 12% of the fund's $1.8 billion market cap. Despite this, the fund's allocation of 2,033 BTC does not rank high on the Bitcoin rich list. The ETF also has significant investments in Tesla and other high-flying names, leading some to call it "Trump 2.0." Wood clarified that meme coins are not part of their investment strategy and that they are focusing on Bitcoin, Ethereum, and Solana.



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