ARK Invest Partners With Coinbase to Invest in Blockchain

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When it comes to blockchain technology, one of the most influential voices in the space is Cathie Wood, the CEO of ARK Invest. Her firm focuses on disruptive innovation and offers long-term investors several investment options. Wood argues that Ethereum is undervalued compared to Bitcoin, and supports the notion that Ethereum will one day be the “metaverse’s gold.”

Wood, who was formerly the chief investment officer for AllianceBernstein, founded ARK Investment Management LLC in January 2014. The investment firm specializes in thematic investing, focusing on disruptive technologies and emerging markets. ARK uses an open research process to identify companies that are leading disruptive cross-sector forces.

Coinbase and ARK Invest have partnered with each other to provide a platform for Bitcoin trading. Coinbase users use the currency primarily as a store of value and medium of exchange. Coinbase is also a marketplace for other digital currencies such as Ethereum. By partnering with Coinbase, ARK Invest has access to a vast audience of investors.

Blockchain technology has attracted the attention of financial institutions in recent years, especially due to its potential to reduce costs and improve efficiency. Despite the hype surrounding bitcoin and the blockchain, some analysts are still uncertain of the future of the digital currency. ARK Invest, with its eight existing ETFs trading in the US, is one of several fund managers seeking to create a spot bitcoin ETF. However, the SEC has yet to approve an ETF for bitcoin.

ARK’s Cryptoasset Strategy aims to take advantage of the disruptive power of blockchain technology. The firm has actively managed two crypto-related equity portfolios since 2015. It uses macro and on-chain analytics to identify alpha-generating opportunities. The firm believes that the market capitalization of cryptocurrencies will reach $30 trillion by 2030. As a result, ARK expects a few key cryptocurrencies to capture most of the value.

ARK has launched a venture fund for US investors, and the firm invests in both public and private blockchain technology companies. One of its portfolios includes Chipper Cash, which provides a digital wallet and cross-border payments. The company has made several other investments in the blockchain technology sector. It is currently one of the largest blockchain investors in the world. Its recent news includes its own venture fund, which aims to provide the most reliable source of information on blockchain technology.

ARK has been studying bitcoin for some time. However, the company cannot invest directly in bitcoin because of regulations. As a result, the firm invests in bitcoin through the Grayscale Bitcoin Trust, which is traded over-the-counter. The fund averages several bitcoin exchanges’ prices to determine its net asset value.

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