Crypto Investment Stratergies to be offered by ARK Invest

Strategies will be offered to registered investment advisors
ARK Crypto Strategy aims to capitalize on the monetary revolution
SMA is a portfolio created by a financial advisor for a single investor

Registered investment advisors can now access ARK Investment, the investment firm run by Cathie Wood, and its two actively managed crypto strategies.

Through a partnership with the digital asset platform Eaglebrook, the companies announced on Oct. 3 that the strategies will be available as separately managed accounts.

S&P 500 declined by 23.87%

According to the companies’ statement, the ARK Cryptocurrency Strategy aims to profit from the financial revolution and can be used as a strategic allocation in portfolios that are well-diversified.

ARK’s CEO and founder, Cathie Wood, stated that the strategies will be separately managed accounts designed to meet the needs of financial advisors, wealth managers, and their clients by, among other things, providing direct ownership, low minimums, and portfolio reporting integration.

Ark should be able to offer more services than just exchange-traded funds (ETFs) thanks to this partnership. A portfolio designed by an investment firm or financial advisor for a single investor is an SMA.Instead of owning the securities themselves, investors in ETFs own shares in the fund.

According to its official website, the top-tier fund at ARKs, the Ark Innovation ETF, invests in disruptive innovation companies to grow capital over the long term.

ALSO READ: Two Firms charged for Alleged Crypto Pump and Dump Scheme

Ark sold over 1.4M Coinbase shares

As of September 30, it had $7.946 billion under management and was down 60.11 percent, while the S&P 500 was down 23.87 percent and the BTC price was down over 58 percent in 2022.

Wood is well-known for his strong belief in Bitcoin (BTC), which he predicted would reach $1 million by 2030.

Much of the speculative behavior has died down, as stated in the statement by ARK’s crypto asset analyst Yassine Elmandjra.The moment presents an attractive entry point for investors, she added.

In July, Ark sold more than 1.4 million Coinbase (COIN) shares through three of its funds as the company was under investigation by regulators for alleged insider trading.The company was one of Coinbase’s largest shareholders at the time.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing