On March 1, Ark Invest’s Cathie Wood raised $16.3 million for cryptocurrency-focused funds. The structures will be based in the United States and in the Cayman Islands.<\/p>\n
ARK Crypto Revolutions U.S. Fund LLC<\/a> raised $7.3 million from nine investors, ARK Crypto Revolutions Cayman Fund LLC<\/a> from a single client.<\/p>\n The funds are open-ended and may attract new investors.<\/p>\n Earlier in March, three Ark Invest bought more<\/a> securities of the Block company led by Jack Dorsey for a total of more than $13.7 million. The day before, Cathie Wood’s funds acquired<\/a> in total 92,165 shares of the former Twitter CEO’s company for about $6.4 million.<\/p>\n Earlier, the funds bought more<\/a> securities of Coinbase and the online broker Robinhood for $3.44 million and $9.97 million respectively. Later, the funds added<\/a> to their portfolios another $20 million of shares of the American crypto exchange.<\/p>\n","protected":false},"excerpt":{"rendered":" On March 1, Ark Invest’s Cathie Wood raised $16.3 million for cryptocurrency-focused funds. The structures will be based in the United States and in the Cayman Islands.<\/p>\n","protected":false},"author":1,"featured_media":75655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,1269],"class_list":["post-75654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=75654"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75654\/revisions"}],"predecessor-version":[{"id":75656,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75654\/revisions\/75656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75655"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}