Bitcoin prices have rebounded since 2023, recovering from steep declines in the couple of years before.
On Tuesday, bitcoin prices reached a two-year high of over $56,000.
Ark Invest's chief futurist, Brett Winton, believes that a "responsible allocation to innovation generally is really, really critical."
On average, Ark Invest's research shows that the "optimal" allocation to maximize risk-adjusted returns — on a five-year time horizon — would be 4.8% on average since 2015.
The breakdown of Ark Innovation ETF's tech investments is as follows: cryptocurrencies make up 6.9% of it, and digital wallets 8.8%, among other tech themes.
Persons:
Ark, Brett Winton, CNBC's, Winton, —, bitcoin's
Organizations:
Invest, Innovation, Ark Invest
Locations:
bitcoin, U.S, Europe