What is the highest price in history of ARKM coin?

ARKM's price surged to an all-time high of $127.74 on February 12, 2021, reflecting the popularity of the ETF's disruptive innovation strategy during the broader market bull run.

Nov 20, 2024 at 08:54 am

Historical Price Movements and Highest Price of ARKM Coin

ARKM, an actively managed exchange-traded fund (ETF) focused on disruptive innovation, has experienced significant fluctuations in its price since its inception. Tracking the historical price movements of ARKM offers insights into its performance, volatility, and potential investment opportunities.

1. Highest Price in History

The highest price ever recorded for ARKM coin is $127.74, achieved on February 12, 2021. This peak marked a significant milestone in the ETF's history, reflecting its popularity and the broader enthusiasm for disruptive technology investments at the time.

2. Factors Influencing Price Movements

The price of ARKM coin, like other ETFs, is influenced by various factors, including:

• Underlying Holdings: ARKM invests in a portfolio of companies involved in disruptive technologies such as genomics, artificial intelligence, robotics, and blockchain. The performance and outlook of these underlying companies impact the ETF's overall price.
• Market Sentiment: The broader stock market sentiment and appetite for riskier assets can affect the demand for ARKM. Positive sentiment and high demand tend to drive prices higher, while negative sentiment and uncertainty can lead to price declines.
• Economic Conditions: Macroeconomic factors such as interest rate changes, inflation, and economic growth can impact the valuation of ARKM's holdings and, consequently, the ETF's price.
• Industry Trends: Developments and advancements in the disruptive technology sector can have a direct impact on ARKM's holdings. Positive industry news and technological breakthroughs can enhance the ETF's value, while setbacks or challenges can dampen sentiment and affect its price.

3. Price Performance History

• Inception (2014 - 2016): ARKM debuted in September 2014 and experienced steady growth during its early years, gradually rising from around $40 to over $60 by 2016.
• Bull Market (2017 - 2021): The ETF took advantage of the prolonged bull market in stocks, particularly technology stocks, and surged to its highest price of $127.74 in February 2021.
• Market Correction (2022 - Present): Starting in late 2021, ARKM's price began to decline alongside the broader market correction and concerns about rising interest rates and inflation. As of February 2023, the ETF is trading around $50, significantly below its peak price.

4. Key Dates and Price Points

• September 30, 2014: ARKM launched at $40.00
• December 31, 2016: Closed at $62.74
• February 12, 2021: Reached an all-time high of $127.74
• February 28, 2023: Traded around $50.00

5. Investment Considerations

When considering ARKM as an investment, investors should be aware of the following:

• High Growth, High Risk: ARKM invests in high-growth but potentially risky technology companies. While it offers the potential for significant returns, it also carries a higher level of volatility compared to more traditional investments.
• Active Management: ARKM is actively managed by Cathie Wood's ARK Invest, which makes strategic decisions on the composition of the underlying holdings. This adds an element of subjectivity and potential underperformance compared to benchmarks.
• Long-Term Perspective: ARKM is designed for long-term investment horizons. Investors should be prepared to hold the ETF through market fluctuations and potential downturns to maximize its potential returns.