Cathie Wood's ARK Venture Fund Q3: Kalshi Leads, Securitize Goes Public, SpaceX Lags
ARK Invest's Venture Fund (ARKVX) reported a 3.30% return in Q3 2026, with Kalshi and Tenstorrent as top performers. Kalshi expanded into crypto derivatives, while Securitize completed its SPAC merger and began trading on the NYSE under SECZ. SpaceX weighed on performance due to capital requirements and execution risks. The fund also initiated new private investments and saw $55M in redemptions.
How this was made
The 30-second read
Why it matters
The SPAC completion creates a tradable vehicle for investors, while Kalshi’s CFTC approval of Bitcoin perpetual contracts adds regulatory credibility to its platform.
Market read
The article provides primary disclosure of Securitize’s listing and regulatory progress for Kalshi, offering new trading opportunities in the crypto‑adjacent fintech space.
What to watch
Regulatory scrutiny of tokenized securities could constrain growth despite the new listing.
Background
ARK Invest’s Venture Fund disclosed its Q3 performance and highlighted three crypto‑related holdings, with Securitize’s SPAC merger being the only concrete corporate event.
Ticker impact
Securitize completed its SPAC merger with Cantor Equity Partners II and started trading on the NYSE under ticker SECZ on July 2, 2026.
potential upward pressure as investors allocate capital to the newly listed tokenization platform.
The SPAC completion is a primary corporate event with a $1.25 billion valuation, creating fresh liquidity and visibility.
Market effects
Highlights growing investor interest in tokenization and blockchain infrastructure, potentially benefitting peer firms in digital‑asset services.
Adds to US market activity in fintech and crypto‑adjacent listings.
Signals broader acceptance of tokenized securities, which may influence regulatory discussions worldwide.
Counterpoint
The listing may face limited demand if tokenization adoption stalls, leading to muted price action.
Key entities
- companySecuritize
Tokenization‑infrastructure firm that completed a SPAC merger and began trading on NYSE.
- companyKalshi
Prediction‑market operator that received CFTC approval for Bitcoin perpetual futures.
