Ark Invest under Cathie Wood is changing its investment strategy in cryptocurrency, moving capital from direct investments into innovative corporate structures.
New Strategies from Ark Invest
Cathie Wood, founder of Ark Invest, has recently announced that the firm will start reallocating funds from direct cryptocurrency investments and will explore investments in corporate structures acting as synthetic proxies for crypto-assets. This change comes amid Ethereum's more than 50% gain over the last 30 days.
Current Trends in the Ethereum Market
Ethereum's price has surpassed the $3,800 mark, and the total value locked (TVL) in Ethereum DeFi has increased over 37%, reaching $82.88 billion. This indicates a positive trend for staking on the Ethereum network.
Ark Invest's Holdings in Non-Market Assets
Recent disclosures reveal that Ark Invest acquired approximately 4.4 million shares of Bitmine (BMNR) worth about $175 million, while shedding Coinbase and Robinhood shares worth over $100 million combined. This reflects a strategic reevaluation of the company's investment positions.
Ark Invest continues to actively adjust its strategies in response to changing market conditions and opportunities, while maintaining interest in cryptocurrencies with an emphasis on alternative investment mechanisms.
