ARK Investment to offer 2 crypto strategies for investment advisors

ARK Investment, an investment company led by Cathie Wood, recently teamed up with a digital asset platform Eaglebrook. The goal of the partnership is to develop actively managed crypto strategies and make them available to registered investment advisors. According to the partners, two such strategies will be developed and made available in the near future. More than that, they will be available as SMAs (Separately Managed Accounts).

The companies also noted that the ARK Cryptocurrency Strategy’s goal is to capitalize on the money revolution and have it serve as a strategic allocation in well-diversified portfolios.

The CEO of ARK, Cathie Wood, minted that the strategies will be SMAs designed to meet the need of financial advisors, as well as wealth managers, and even their own clients. They will offer direct ownership, portfolio reporting, low minimums, and numerous other benefits that will make them beneficial and rewarding for all clients.

Furthermore, the collaboration will allow ARK to further expand its services. In other words, it will make the company something more than just a place to trade ETFs.

Benefits of crypto strategies

SMAs are portfolios created by investment companies and/or financial advisors, and they are meant for a single investor. ETFs, on the other hand, are organized differently, in a way where investors get to own shares of the fund, rather than underlying securities.

Meanwhile, the biggest fund at the company, known as the Ark Innovation ETF, has the goal of achieving long-term growth of capital. To do it, it invests in some of the most disruptive innovation companies. At this point, it has $7.9 billion under management, according to its website, and it was down by 60.11%, according to the data from September 30th.

S&P 500 also saw a sharp decline of 23.87%, while even Bitcoin’s price crashed by more than 58% in 2022. However, this did not discourage Wood, who is a major Bitcoin supporter. In fact, Cathie Wood is a firm believer that Bitcoin will hit $1 million by 2030. Whether or not this will happen remains to be seen, of course.

The company’s crypt asset analyst, Yassine Elmandjra, on the other hand, stated that speculative behavior has died down significantly. She concluded that this is the moment that presents an attractive entry point for investors.

So far, ARK sold more than 1.4 million Coinbase (COIN) shares via its three funds in July alone. This was also at the time when regulators were investigating the firm under suspicion of insider trading, finding no evidence that this was, in fact, the case. Back then, ARK was one of the largest shareholders of Coinbase shares.

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