Bloomberg Talks Cathie Wood Talks ETFs
6 snips
Feb 2, 2026 
Cathie Wood, founder and CIO of ARK Investment Management known for active ETFs and disruptive-innovation bets. She discusses ARK’s SpaceX stake and how a potential IPO would shift public exposure. She covers why ARK uses interval funds for private shares and the challenges of adding illiquid holdings to ETFs. She also touches on dollar strength, crypto vs gold, and ARK’s succession planning.
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Interval Fund Structure Eases IPO Transitions
- ARKVX is structured ~20% public and ~80% private, letting ARK keep private stakes without immediate public selling when companies IPO.
- ARK plans to feed some interval-fund private winners into ETFs over time as ecosystem liquidity improves.
Illiquid Definition May Be Changing
- The definition of "illiquid" may be shifting as secondary markets and deregulation increase access to private shares.
- ARK has approached private companies about ETF inclusion but found reticence from some issuers.
Avoid Overloading ETFs With Privates
- Be cautious adding sizable private holdings to ETFs because sudden public-market drops could leave private positions above regulatory caps.
- Maintain strict compliance and calibrate market-maker pricing for real-time private-asset risks.