After a week on the road with @DMaguireARK, I believe that his research is crystallizing how profoundly AI will transform energy into economic activity. Using baseball as an analogy, we still are in the parking lot, getting ready for the first inning. Stay tuned for Big Ideas!

Tokenizing the ARK Venture Fund puts our conviction in the evolution, if not revolution, of capital markets into practice. Based on our research, tokenization has the potential to reshape fundamentally the way that investors access and participate in both private and public financial markets. The ARK Venture Fund being available on chain is a natural extension of our mission to democratize access to technologically enabled disruptive innovation. Because it has built the regulated infrastructure to help make that vision a reality, we are excited to partner with @Securitize in taking this important step forward. Fund holdings and information:

We are excited to announce that as of October 8, 2026, the ARK Active Autocallable Income ETF (ARKY) reached $50M in assets in less than 8 weeks since launch on August 19. Thank you to our investors for the support in helping us get there! Built on the innovation names ARK tracks closely, ARKY seeks to generate income from the underlying stock volatility of our highest conviction names. Wall Street has offered autocallable structured notes to advisers for decades, and ARKY puts it in an ETF anyone can buy, with daily liquidity, no minimums and no lock-ups. We're grateful for the trust behind $50M and are excited for what's ahead. ARKY current holdings and information: @ARKInvest @ARKInvestEurope @CathieDWood

Starship’s Next Test Just Got More Interesting @TashaARK and @DMaguireARK on Starship Flight 14, the first V3 Starlink satellites to reach orbit, and the widening gap between SpaceX and other companies.

Economic activity is energy transformed. Throughout history, humanity has developed technologies to improve the energy<>GDP transfer mechanism. Super Intelligence will be the most valuable transfer mechanism in history, spurring unprecedented GDP growth.

I love visiting companies that are transforming the way the world works and making it a better place. @zipline is one of those companies. Keller and team, including lots of Tesla graduates, are doing amazing work!

At @RobinhoodApp's summit, an audience member questioned my credentials based on ARK’s performance relative to the Invesco QQQ Trust (QQQ). I welcome the question. Investors deserve to understand both their returns and the decisions behind them. My response focused on a distinction that often gets lost: the ARK Innovation ETF ($ARKK) and QQQ are built differently. QQQ tracks the Nasdaq-100 Index. At ARK, we actively invest in companies we believe are driving disruptive innovation across industries, from healthcare to financial services and transportation. That creates a different portfolio, with different exposures and risks. Investors should compare returns against alternatives. They should also understand what they own, why they own it, and whether the strategy fits their objectives. A different mandate doesn’t remove accountability for performance. It provides essential context for evaluating it. I’ve shared my response in the video below. Learn about ARKK:

Bill Ackman’s post about inflation took me back to the late 1970s, when similar concerns were everywhere. What followed was stronger growth and falling inflation, helped by the PC and software revolution. We believe today’s innovation platforms could have an even greater impact. Most people think our forecast for high single-digit real GDP growth is crazy. I understand why. We’ve spent our lives in a roughly 3% global growth world. But look at AI. At a fixed level of performance, inference costs are falling 99.99% a year. Yet OpenAI’s annualized revenue run rate has jumped from $20 billion to $70 billion. As prices fall, demand explodes. We’ve never seen anything like this kind of growth! We believe those cost declines will seep into the broader economy, lifting productivity and profitability while pushing inflation much lower than most investors expect. That’s “good deflation.” Interest rates could rise in that environment because real growth is stronger. In this month's In The Know, I respond to Bill’s concerns, explain the research behind our outlook, and examine what credit markets are telling us about the AI investment boom. Watch it here:

With similar DNA and a goal to offer retail investors opportunities once reserved only for high net worth investors, Robinhood and ARK Invest are democratizing access to the amazing companies who are changing the way the world works and making it a better place. @RobinhoodApp

We are very happy to have introduced another private company, Kalshi, to our ETF strategies. To me, Kalshi’s management team is phenomenal, as it is skating to where the prediction markets puck will be.

At 0.5-2% interest rates, the “market”was not working. The Fed was in control. Today, the market is working. In 2017, interest rates increased as the Fed put the market on training wheels. Long duration equities had a fabulous year. Let the market work!

In 2007, yields were responding to speculation in housing, a non-productive asset, whereas today they are responding to capital spending, which has a huge “multiplier”. Revenues at OpenAI and Anthropic have soared 3- to 8-fold during the last 6-9 months!

We are very happy to have introduced another private company, Kalshi, to our ETF strategies. Kalshi’s management team is phenomenal, as it is skating to where the prediction markets puck will be.

Interest rates seem to be rising because of real yields more than inflation. Real growth is surprising on the high side of expectations in this technology revolution. Looking forward to addressing @BillAckman’s hypothesis in “In the Know” on Friday.