ARK Mania is cooling, inflows and volume have declined steadily over past few days to almost nothing. The decline has been almost perfectly inversely correlated to the price and volume for $GME as some no doubt have found an even shinier object to play with.. $ARKK $ARKG
The people happiest about this are ARK. This is a perfect situation for them. Helps them manage their potential capacity problems but without a big correction or drawdown (which is usually what it takes to get ppl to stop chasing a hot fund)
Even with the slow down tho ARK is still still firmly in the #2 spot in YTD flows, taking in more than double what BlackRock and State Street have, which is still surreal despite even more surreal things happening this week.
You can follow @EricBalchunas.
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