TechFlow news — According to a regulatory filing released on Tuesday, ARK’s ARK Transparency ETF (CTRU) has been closed and is undergoing liquidation. The ETF, which held companies such as Teladoc Health and Spotify, focused on firms with high transparency. Since its launch, it attracted only $12 million in assets, a small fraction of Cathie Wood’s $9 billion in managed funds. Since its debut at the end of last December, the ETF's price has fallen over 30%. The filing stated that no new creation orders would be accepted after this Thursday, and redemption orders would no longer be processed after July 26. Once a red-hot star fund manager, Cathie Wood fell from grace in 2022. Amid soaring inflation and rising interest rates, her firm ARK Investment, heavily invested in "disruptive innovation," became one of the market’s biggest losers. Her flagship ARK Innovation ETF (ARKK) has halved in value year-to-date, dropping 52.8% cumulatively, and is now down more than 70% from its peak in February 2021.
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