Sign Up on MEXC
Highlights
- Spear Alpha ETF (SPRX) grew over 60% in the past year, outpacing Ark Innovation ETF's 21% rise.
- Nvidia, comprising 11% of SPRX's holdings, surged over 220% in value since 2023.
- SPRX attracted $54M in 2024 inflows, while Ark Innovation ETF faced $1.36B outflows.
Spear Alpha ETF (SPRX), managed by Ivana Delevska, has reported significant growth. In the past 12 months, the fund’s value increased by more than 60%. This performance surpasses that of the well-known Ark Innovation ETF (ARKK), which rose by just over 21%. Spear Alpha, with $70 million in assets under management, benefits from strategic investments in artificial intelligence.
The fund holds approximately 26 investments. Almost every asset in the portfolio could gain from advancements in AI technology. This integration of AI technologies plays a critical role in the fund’s recent success. Nvidia, a major player in the chip industry, is a significant investment, accounting for about 11% of the fund’s total assets.
Spear Alpha ETF High-Risk Strategy Pays Off
Delevska first invested in Nvidia in 2023, when the stock was not performing well. This move proved advantageous, as Nvidia’s value has since increased by over 220%. The investment in Nvidia, now the largest in Spear Alpha ETF’s portfolio, exemplifies Delevska’s high-risk, high-return strategy.
This strategy not only contributed to Spear’s outperformance but also positioned the fund for future stability. Delevska anticipates a 30% to 40% return on Nvidia over the next few years. This suggests a shift towards a more defensive role for Nvidia within the portfolio.
The fund’s overall strategy does not focus solely on thematic investments. Instead, it draws themes from the diverse industries of the companies it invests in. This includes sectors like enterprise digitalization, space exploration, and decarbonization.
Ark ETF sees $1.36B in outflows, and SPRX
Spear Alpha ETF’s SPRX has attracted considerable attention and investment in 2024. It has garnered $54 million in inflows, according to the data available. This contrasts sharply with Ark Innovation ETF’s performance saw $1.36 billion in outflows this year. Investors seem increasingly drawn to Spear’s robust AI-focused strategy.
The fund’s approach mirrors Delevska’s experience in managing long books at major hedge funds like Citadel. By selecting individual stocks based on their potential AI integration, Spear aims to continue deriving substantial returns.
With AI technology influencing nearly 95% of its portfolio, Spear Alpha ETF is poised to capitalize on ongoing advancements in AI. This positions the fund well for sustained growth in a rapidly evolving investment landscape.
Read Also: DTCC Features Franklin Templeton’s Ethereum ETF for Launch Prep
- Breaking: U.S. PPI Cools To 2.6%, BTC Price Rises
- Traders Brace for Hot US PPI amid Sticky Inflation, Risks BTC, ETH, XRP Liquidations
- Shiba Inu Releases Update On LEASH V2 Migration, Here Is What To Know
- GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss
- Metaplanet Stock Shoots 17% After $30M Investment from Bitcoin Treasury Firm
- Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
- Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?
- Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
- HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
- XRP Price Prediction as Ripple Ecosystem Growth Meets Technical Strength—Is $10 Next?
