The ARK Next Generation Internet ETF (ARKW) continues to be a focal point for investors seeking exposure to disruptive innovation in digital platforms, blockchain infrastructure, artificial intelligence, and next-gen financial technologies. On April 30, 2025, ARK Invest released its latest daily holdings report, offering a transparent look into the fund’s current positioning. This update reveals how the fund is navigating market shifts, identifying high-growth opportunities, and maintaining strategic allocations across key tech-driven sectors.
ARKW’s holdings file is published each trading day, detailing the exact number of shares held in each position. The "Shares Held" column reflects today’s count, while changes from the prior day are shown in parentheses—providing real-time insight into ARK’s active trading decisions. Notably, most positions remained unchanged on this date, indicating a period of strategic stability amid broader market consolidation.
Top Holdings and Strategic Focus
ARKW’s portfolio remains concentrated in high-conviction names that align with its thesis of investing in transformative internet-based technologies.
At the top of the list is the ARK Bitcoin ETF Holdco, representing 10.27% of the fund with over 1.6 million shares held. This holding underscores ARK’s strong belief in digital assets as a foundational component of the future financial system. Though not a traditional equity, this position reflects indirect exposure to Bitcoin’s long-term potential through structured investment vehicles.
Tesla (TSLA) maintains its position as the second-largest holding at 8.47% weight. Despite no change in share count, Tesla continues to symbolize convergence between AI, electric mobility, and energy innovation—core themes central to ARK’s investment framework.
Coinbase (COIN) follows closely at 7.29%, reinforcing ARK’s confidence in regulated crypto exchanges as critical infrastructure for the decentralized economy. With over 536,000 shares held, Coinbase remains a primary gateway for institutional and retail participation in digital assets.
Other major positions include Palantir (PLTR), Roku (ROKU), Robinhood (HOOD), and Roblox (RBLX)—all representing platforms shaping the future of data analytics, streaming media, democratized finance, and immersive digital experiences.
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Emerging Innovators and Growth Bets
Beyond the largest holdings, ARKW maintains significant exposure to emerging leaders in cloud computing, cybersecurity, and developer ecosystems.
CrowdStrike (CRWD) and Cloudflare (NET) represent critical plays on digital security and edge computing. Both companies are positioned to benefit from increasing enterprise demand for real-time threat protection and decentralized content delivery.
GitLab (GTLB) and UiPath (PATH) reflect bets on automation and DevOps efficiency—key enablers of faster software development cycles in an AI-augmented world. Even small positions like UiPath’s 200 shares suggest ongoing monitoring or tactical positioning ahead of potential catalysts.
CoreWeave (CRWV), a relatively new entrant in the AI infrastructure space, holds a notable 1.61% weighting. As demand surges for GPU-powered compute resources to train large language models, CoreWeave has emerged as a private market darling—and ARKW’s stake signals conviction in specialized cloud providers outside the dominant hyperscalers.
Cryptocurrency and Decentralized Finance Exposure
ARKW integrates both direct and indirect exposure to blockchain innovation. In addition to Coinbase and Robinhood (which offers crypto trading), the fund includes two Canadian-listed staking ETFs: 3IQ Ether Staking ETF (ETHQ/U) and 3IQ Solana Staking ETF (SOLQ/U).
These holdings—accounting for 0.64% and 0.37% respectively—allow ARKW to gain yield-generating exposure to Ethereum and Solana without directly holding tokens. This structure complies with regulatory requirements while still capturing value from proof-of-stake networks.
Such instruments highlight ARK’s innovative approach to accessing decentralized protocols within a traditional ETF framework.
Hardware and Semiconductor Plays
While ARKW is primarily focused on software and platforms, it maintains strategic stakes in semiconductor and hardware companies enabling next-generation computing.
Advanced Micro Devices (AMD) saw a modest increase of 7,786 shares, bringing its total to 286,945. This incremental buy suggests continued confidence in AMD’s competitive position against NVIDIA in AI chips and data center GPUs.
NVIDIA (NVDA), though weighted at just 0.92%, remains a foundational player in AI training infrastructure. Its presence in the portfolio—even at a lower allocation—acknowledges its pivotal role in powering the current wave of generative AI advancements.
Taiwan Semiconductor (TSM) provides indirect exposure to nearly every major tech innovator reliant on cutting-edge chip fabrication.
E-Commerce, Streaming, and Consumer Platforms
ARKW maintains diversified exposure to digital consumer behavior through companies like Shopify (SHOP), Amazon (AMZN), MercadoLibre (MELI), and Pinterest (PINS).
Shopify saw an increase of 12,182 shares, reinforcing its role as a leading enabler of independent e-commerce. The platform’s adaptability for small businesses and integration with AI-driven tools make it a resilient growth bet.
MercadoLibre stands out as a dominant force in Latin American e-commerce and fintech—offering dual exposure to regional digitization trends and embedded financial services.
Roblox (RBLX) and Unity Software (U) represent the future of interactive content and the metaverse ecosystem. These platforms are increasingly leveraging AI for content generation, avatar customization, and virtual economy management.
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Frequently Asked Questions
Q: What is ARKW?
A: ARKW is the ARK Next Generation Internet ETF, managed by ARK Invest. It focuses on companies poised to benefit from disruptive innovations in cloud computing, fintech, blockchain, digital advertising, and e-commerce.
Q: Does ARKW hold cryptocurrencies directly?
A: No. ARKW does not hold Bitcoin or other cryptocurrencies directly. Instead, it gains exposure through ETFs like ARK Bitcoin ETF Holdco and Canadian staking ETFs such as ETHQ and SOLQ.
Q: Why does ARKW invest in both public and private companies?
A: While most holdings are public equities, ARKW may also invest in pre-IPO companies when permitted. However, the current holdings reflect only publicly traded securities as of April 30, 2025.
Q: How often are ARKW holdings updated?
A: Daily. ARK Invest publishes updated holdings every trading day on its official website, allowing investors transparency into portfolio changes.
Q: Is Tesla still a major holding in ARKW?
A: Yes. Tesla ranks second by weight at 8.47%, reflecting its role not just as an automaker but as an innovator in AI, robotics, and energy storage.
Q: What sectors does ARKW focus on?
A: Key sectors include fintech & blockchain, AI & data analytics, digital entertainment, e-commerce platforms, cybersecurity, and cloud infrastructure.
Final Thoughts
As of April 30, 2025, ARKW reflects a balanced yet aggressive stance on innovation-driven growth. With minimal share changes across most positions, the fund appears to be in a consolidation phase—maintaining core convictions while monitoring macroeconomic conditions and technological inflection points.
Investors watching ARKW gain valuable insight into where cutting-edge capital is being allocated: decentralized finance, AI infrastructure, developer tools, and immersive digital platforms.
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