Cathie Wood sees these two trends as the next big things to electric vehicles

Arkie’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles.

“We are very excited about digital wallets,” Wood said on CNBC’s The News with Shepard Smith on Tuesday. “We really think that these digital wallets and bilateral marketplaces, retailers and consumers … are going to trade in a lot of the role that banks are playing today.”

Wood – CIO and CEO of Ark Investment Management – made a name for himself by investing in stocks with disruptive innovation. According to FactSet, Wood’s flagship fund, ARK Innovation, has invested more than $ 16.7 billion in the fund over the past year.

Wood has big bets on names like Square and PayPal, which dominate the space for digital wallets. Square is the second largest shareholder in Ark Innovation, representing more than 7% of the ETF.

In China, Wood said WeChat Pay and AliPay are the key players.

“It’s going digital, it’s going mobile. A small bank branch in your pocket,” Wood said. “We are going to have all kinds of financial services available, including loans, debit cards, credit cards, stock buying, bitcoin buying.”

Elsewhere, Wood said that the space for genomics could also reach the escape rate.

“DNA sequencing will introduce science for the first time in healthcare decision making,” Wood said. “We can honestly say that so far more than half of all healthcare decisions have been made in part by guesswork or experience. Now we’re going to have the data.”

ARK’s Genomics ETF has a big bet on Exact Sciences, which makes up almost 5% of the ETF, and Invitae. CRISPR Therapeutics is another important stake in the ETF.

“We’re going to be able to cure diseases we never thought it would be possible to cure, including cancer,” Wood said.

Shares of ARK Innovation rose by 2.5% this year and ARK Genomic Revolution rose by less than 1% in 2021.