The ARK Innovation ETF is an actively managed exchange-traded fund managed by ARK Invest, led by Cathie Wood. It targets companies engaged in disruptive innovation, including sectors such as artificial intelligence, robotics, genomics, and fintech. The fund aims to capture long-term growth opportunities by investing in firms developing transformative technologies and business models. Its holdings often include high-growth, high-volatility stocks, making it a popular choice among investors seeking exposure to cutting-edge industries.