<?xml version="1.0" encoding="US-ASCII"?>  
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->    
<!-- Created: Wed Nov 20 18:22:33 UTC 2024 -->  
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">    
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">    
    <loc xlink:type="locator" xlink:label="ark_CommonSharesMember" xlink:href="ark-20241127.xsd#ark_CommonSharesMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_CommonSharesMember_lbl" xml:lang="en-US">Common Shares [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_CommonSharesMember" xlink:to="ark_CommonSharesMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_EquitySecuritiesRiskMember" xlink:href="ark-20241127.xsd#ark_EquitySecuritiesRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_EquitySecuritiesRiskMember_lbl" xml:lang="en-US">Equity Securities Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_EquitySecuritiesRiskMember" xlink:to="ark_EquitySecuritiesRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_MarketRiskMember" xlink:href="ark-20241127.xsd#ark_MarketRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_MarketRiskMember_lbl" xml:lang="en-US">Market Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_MarketRiskMember" xlink:to="ark_MarketRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_NonDiversificationRiskMember" xlink:href="ark-20241127.xsd#ark_NonDiversificationRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_NonDiversificationRiskMember_lbl" xml:lang="en-US">Non-Diversification Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_NonDiversificationRiskMember" xlink:to="ark_NonDiversificationRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_DisruptiveInnovationRiskMember" xlink:href="ark-20241127.xsd#ark_DisruptiveInnovationRiskMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_DisruptiveInnovationRiskMember_lbl" xml:lang="en-US">Disruptive Innovation Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_DisruptiveInnovationRiskMember" xlink:to="ark_DisruptiveInnovationRiskMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ark_ConcentrationRiskMember" xlink:href="ark-20241127.xsd#ark_ConcentrationRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_ConcentrationRiskMember_lbl" xml:lang="en-US">Concentration Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_ConcentrationRiskMember" xlink:to="ark_ConcentrationRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_RepurchaseProgramRiskMember" xlink:href="ark-20241127.xsd#ark_RepurchaseProgramRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_RepurchaseProgramRiskMember_lbl" xml:lang="en-US">Repurchase Program Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_RepurchaseProgramRiskMember" xlink:to="ark_RepurchaseProgramRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_CommunicationsSectorRiskMember" xlink:href="ark-20241127.xsd#ark_CommunicationsSectorRiskMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_CommunicationsSectorRiskMember_lbl" xml:lang="en-US">Communications Sector Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_CommunicationsSectorRiskMember" xlink:to="ark_CommunicationsSectorRiskMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ark_ConsumerDiscretionaryRiskMember" xlink:href="ark-20241127.xsd#ark_ConsumerDiscretionaryRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_ConsumerDiscretionaryRiskMember_lbl" xml:lang="en-US">Consumer Discretionary Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_ConsumerDiscretionaryRiskMember" xlink:to="ark_ConsumerDiscretionaryRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_ConvertibleSecuritiesRiskMember" xlink:href="ark-20241127.xsd#ark_ConvertibleSecuritiesRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_ConvertibleSecuritiesRiskMember" xlink:to="ark_ConvertibleSecuritiesRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_CryptocurrencyRiskMember" xlink:href="ark-20241127.xsd#ark_CryptocurrencyRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_CryptocurrencyRiskMember_lbl" xml:lang="en-US">Cryptocurrency Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_CryptocurrencyRiskMember" xlink:to="ark_CryptocurrencyRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_CryptocurrencyTaxRiskMember" xlink:href="ark-20241127.xsd#ark_CryptocurrencyTaxRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_CryptocurrencyTaxRiskMember_lbl" xml:lang="en-US">Cryptocurrency Tax Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_CryptocurrencyTaxRiskMember" xlink:to="ark_CryptocurrencyTaxRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_CurrencyRiskMember" xlink:href="ark-20241127.xsd#ark_CurrencyRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_CurrencyRiskMember" xlink:to="ark_CurrencyRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_DepositaryReceiptsRiskMember" xlink:href="ark-20241127.xsd#ark_DepositaryReceiptsRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_DepositaryReceiptsRiskMember_lbl" xml:lang="en-US">Depositary Receipts Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_DepositaryReceiptsRiskMember" xlink:to="ark_DepositaryReceiptsRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_DerivativesRiskMember" xlink:href="ark-20241127.xsd#ark_DerivativesRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_DerivativesRiskMember" xlink:to="ark_DerivativesRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_EmergingMarketSecuritiesRiskMember" xlink:href="ark-20241127.xsd#ark_EmergingMarketSecuritiesRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_EmergingMarketSecuritiesRiskMember_lbl" xml:lang="en-US">Emerging Market Securities Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_EmergingMarketSecuritiesRiskMember" xlink:to="ark_EmergingMarketSecuritiesRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_FinancialTechnologyRiskMember" xlink:href="ark-20241127.xsd#ark_FinancialTechnologyRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_FinancialTechnologyRiskMember_lbl" xml:lang="en-US">Financial Technology Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_FinancialTechnologyRiskMember" xlink:to="ark_FinancialTechnologyRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_ForeignSecuritiesRiskMember" xlink:href="ark-20241127.xsd#ark_ForeignSecuritiesRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_ForeignSecuritiesRiskMember_lbl" xml:lang="en-US">Foreign Securities Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_ForeignSecuritiesRiskMember" xlink:to="ark_ForeignSecuritiesRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_FollowonInvestmentRiskMember" xlink:href="ark-20241127.xsd#ark_FollowonInvestmentRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_FollowonInvestmentRiskMember_lbl" xml:lang="en-US">Follow-on Investment Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_FollowonInvestmentRiskMember" xlink:to="ark_FollowonInvestmentRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_FutureExpectedGenomicBusinessRiskMember" xlink:href="ark-20241127.xsd#ark_FutureExpectedGenomicBusinessRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_FutureExpectedGenomicBusinessRiskMember_lbl" xml:lang="en-US">Future Expected Genomic Business Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_FutureExpectedGenomicBusinessRiskMember" xlink:to="ark_FutureExpectedGenomicBusinessRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_HealthCareSectorRiskMember" xlink:href="ark-20241127.xsd#ark_HealthCareSectorRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_HealthCareSectorRiskMember_lbl" xml:lang="en-US">Health Care Sector Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_HealthCareSectorRiskMember" xlink:to="ark_HealthCareSectorRiskMember_lbl"/> 
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    <loc xlink:type="locator" xlink:label="ark_InflationRiskMember" xlink:href="ark-20241127.xsd#ark_InflationRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_InflationRiskMember_lbl" xml:lang="en-US">Inflation Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_InflationRiskMember" xlink:to="ark_InflationRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_InformationTechnologySectorRiskMember" xlink:href="ark-20241127.xsd#ark_InformationTechnologySectorRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_InformationTechnologySectorRiskMember_lbl" xml:lang="en-US">Information Technology Sector Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_InformationTechnologySectorRiskMember" xlink:to="ark_InformationTechnologySectorRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_InvestmentOpportunityRiskMember" xlink:href="ark-20241127.xsd#ark_InvestmentOpportunityRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_InvestmentOpportunityRiskMember_lbl" xml:lang="en-US">Investment Opportunity Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_InvestmentOpportunityRiskMember" xlink:to="ark_InvestmentOpportunityRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_InvestmentsInVentureCapitalFundsRiskMember" xlink:href="ark-20241127.xsd#ark_InvestmentsInVentureCapitalFundsRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_InvestmentsInVentureCapitalFundsRiskMember_lbl" xml:lang="en-US">Investments in Venture Capital Funds Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_InvestmentsInVentureCapitalFundsRiskMember" xlink:to="ark_InvestmentsInVentureCapitalFundsRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_IssuerRiskMember" xlink:href="ark-20241127.xsd#ark_IssuerRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_IssuerRiskMember_lbl" xml:lang="en-US">Issuer Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_IssuerRiskMember" xlink:to="ark_IssuerRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_LargeCapitalizationCompaniesRiskMember" xlink:href="ark-20241127.xsd#ark_LargeCapitalizationCompaniesRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_LargeCapitalizationCompaniesRiskMember_lbl" xml:lang="en-US">Large-Capitalization Companies Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_LargeCapitalizationCompaniesRiskMember" xlink:to="ark_LargeCapitalizationCompaniesRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_LeverageRiskMember" xlink:href="ark-20241127.xsd#ark_LeverageRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_LeverageRiskMember" xlink:to="ark_LeverageRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_LimitedInfluenceRiskMember" xlink:href="ark-20241127.xsd#ark_LimitedInfluenceRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_LimitedInfluenceRiskMember_lbl" xml:lang="en-US">Limited Influence Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_LimitedInfluenceRiskMember" xlink:to="ark_LimitedInfluenceRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_LiquidityRiskMember" xlink:href="ark-20241127.xsd#ark_LiquidityRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_LiquidityRiskMember" xlink:to="ark_LiquidityRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_MicroCapitalizationCompaniesRiskMember" xlink:href="ark-20241127.xsd#ark_MicroCapitalizationCompaniesRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_MicroCapitalizationCompaniesRiskMember_lbl" xml:lang="en-US">Micro-Capitalization Companies Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_MicroCapitalizationCompaniesRiskMember" xlink:to="ark_MicroCapitalizationCompaniesRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_NewFundRiskMember" xlink:href="ark-20241127.xsd#ark_NewFundRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_NewFundRiskMember_lbl" xml:lang="en-US">New Fund Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_NewFundRiskMember" xlink:to="ark_NewFundRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_NextGenerationInternetCompaniesRiskMember" xlink:href="ark-20241127.xsd#ark_NextGenerationInternetCompaniesRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_NextGenerationInternetCompaniesRiskMember_lbl" xml:lang="en-US">Next Generation Internet Companies Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_NextGenerationInternetCompaniesRiskMember" xlink:to="ark_NextGenerationInternetCompaniesRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_ValuationRiskMember" xlink:href="ark-20241127.xsd#ark_ValuationRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_ValuationRiskMember_lbl" xml:lang="en-US">Valuation Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_ValuationRiskMember" xlink:to="ark_ValuationRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_PerformanceRiskMember" xlink:href="ark-20241127.xsd#ark_PerformanceRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_PerformanceRiskMember_lbl" xml:lang="en-US">Performance Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_PerformanceRiskMember" xlink:to="ark_PerformanceRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_PreferredSecuritiesRiskMember" xlink:href="ark-20241127.xsd#ark_PreferredSecuritiesRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_PreferredSecuritiesRiskMember_lbl" xml:lang="en-US">Preferred Securities Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_PreferredSecuritiesRiskMember" xlink:to="ark_PreferredSecuritiesRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_PrivateInvestmentsInPublicEquitiesRiskMember" xlink:href="ark-20241127.xsd#ark_PrivateInvestmentsInPublicEquitiesRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_PrivateInvestmentsInPublicEquitiesRiskMember_lbl" xml:lang="en-US">Private Investments in Public Equities Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_PrivateInvestmentsInPublicEquitiesRiskMember" xlink:to="ark_PrivateInvestmentsInPublicEquitiesRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ark_PrivatelyHeldCompanyRiskMember" xlink:href="ark-20241127.xsd#ark_PrivatelyHeldCompanyRiskMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_PrivatelyHeldCompanyRiskMember_lbl" xml:lang="en-US">Privately Held Company Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_PrivatelyHeldCompanyRiskMember" xlink:to="ark_PrivatelyHeldCompanyRiskMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ark_RegularRealizationEventRiskMember" xlink:href="ark-20241127.xsd#ark_RegularRealizationEventRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_RegularRealizationEventRiskMember_lbl" xml:lang="en-US">Regular Realization Event Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_RegularRealizationEventRiskMember" xlink:to="ark_RegularRealizationEventRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ark_RightsAndWarrantsRiskMember" xlink:href="ark-20241127.xsd#ark_RightsAndWarrantsRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_RightsAndWarrantsRiskMember_lbl" xml:lang="en-US">Rights and Warrants Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_RightsAndWarrantsRiskMember" xlink:to="ark_RightsAndWarrantsRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_SectorRiskMember" xlink:href="ark-20241127.xsd#ark_SectorRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_SectorRiskMember_lbl" xml:lang="en-US">Sector Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_SectorRiskMember" xlink:to="ark_SectorRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ark_SmallAndMediumCapitalizationCompaniesRiskMember" xlink:href="ark-20241127.xsd#ark_SmallAndMediumCapitalizationCompaniesRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_SmallAndMediumCapitalizationCompaniesRiskMember_lbl" xml:lang="en-US">Small- and Medium-Capitalization Companies Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_SmallAndMediumCapitalizationCompaniesRiskMember" xlink:to="ark_SmallAndMediumCapitalizationCompaniesRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ark_TemporaryDefensiveStrategyRiskMember" xlink:href="ark-20241127.xsd#ark_TemporaryDefensiveStrategyRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ark_TemporaryDefensiveStrategyRiskMember_lbl" xml:lang="en-US">Temporary Defensive Strategy Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ark_TemporaryDefensiveStrategyRiskMember" xlink:to="ark_TemporaryDefensiveStrategyRiskMember_lbl"/> 
  </labelLink>     
</linkbase>
