Investment company Ark Invest and management company Eaglebrook Advisors are launching a platform that allows investors to use the cryptocurrency strategies of a well-known crypto enthusiast.
Ark Invest (ARK) strategies will become available to clients of registered investment advisors. Eaglebrook Advisors COO Roddy Chisholm said such services are a game changer for the crypto industry. In his opinion, this is another sign of mass adoption of digital assets:
“Through our collaborative platform, which is designed specifically for the wealth management channel, we will bring the digital asset portfolios of Cathie Wood and her ARK team to investors who use the services of registered financial experts.”
These strategies will be separately managed accounts (SMAs) that offer direct ownership, low minimums, and portfolio reporting integration.
ARK Invest in this project acts as a supplier of strategic models for the asset management company Eaglebrook. Ark Invest provides investors with access to a range of ETFs. The company is personally managed by portfolio manager Kathy Wood. Its flagship ARK Innovation ETF now manages $7.9 billion in assets and is down 55.72% since the start of the year. At its peak during the last bull run, the fund had about $28 billion in assets.
Recall that in July, Ark Invest got rid of more than 1.4 million shares of Coinbase Global (COIN) for a total of $75 million. collapse of Terra.
Source: Bits
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