Female stock god Cathie Wood raised $16 million! Ark Investment Crypto Fund exploded, BTC ushered in a million-dollar frenzy!

Btc-蛋总 · 2023-10-30T03:54:16.000Z

Cathie Wood, the famous fund management tycoon, is affectionately called the "Female Stock Goddess" and "Sister Wood" by the market because of her outstanding investment strategies, and has once again caused a sensation in the market. According to reports she filed with the U.S. Securities and Exchange Commission (SEC), her investment firm, ARK Investment Management, has successfully raised more than $16 million for funds aimed at the cryptocurrency space. $ARK According to regulatory documents filed on March 15, “ARK Crypto Revolutions Cayman Fund”, also known as “ARK Crypto Cayman Fund”, has successfully raised US$9 million in funds, while the “ARK Crypto Revolutions US Fund” located in Delaware , the "Ark Crypto Reform US Fund", also received more than $7 million in funding from 9 investors.

Well-known fund manager Cathie Wood, affectionately known as the "Goddess of Stocks" and "Wood Sister" by the market for her outstanding investment strategy, has once again caused a stir in the market. According to a report she submitted to the U.S. Securities and Exchange Commission (SEC), her investment company ARK Investment Management has successfully raised more than $16 million for a fund aimed at the cryptocurrency field.#ARK $ARK #CathieWood 
#BTC $BTC 
According to regulatory documents filed on March 15, the “ARK Crypto Revolutions Cayman Fund” has successfully raised US$9 million in funds, while the Delaware-based “ARK Crypto Revolutions US Fund” has also received more than US$7 million in funds from nine investors.
The overall objective of the two funds is "indefinite", indicating that they are open-end funds rather than closed-end funds. This is different from other products of Ark Investment Management, because other multi-class funds are private and open to only a small number of investors.
Representatives from ARK Investment Management did not immediately respond to requests for comment.
Cathie Wood's company has been a staunch supporter of cryptocurrencies, including recently predicting that Bitcoin will reach $1 million in 10 years.
Despite a more than 60% plunge in bitcoin prices in 2022, affected by a series of corporate bankruptcies and cryptocurrency industry scandals, bitcoin prices have rebounded sharply this year, up nearly 50% and currently trading at around $24,500. Meanwhile, the performance of the ARK Innovation ETF, the flagship fund of Ark Investment Management, has also risen by about 22% over the same period.
After three banks in the United States, including Silicon Valley Bank, Silvergate Bank, and Signature Bank, announced their collapse, Cathie Wood tweeted on March 14 that regulators should pay more attention to "centralized and opaque points in the traditional banking system that may lead to failures" rather than "blocking financial platforms that are decentralized, transparent, audited, and well-functioning with no single point of failure."
While the aforementioned collapse of the U.S. banking system was handled to mitigate the threat of a financial run on regional banks, Bitcoin, Ethereum, and other cryptocurrency networks were not affected and managed to escape the crisis. She noted that the current banking crisis has posed a threat to stablecoins, in stark contrast to regulators’ past claims that “stablecoins could threaten financial stability.”