Arca to Gnosis: Show Us a Turnaround Plan or Give Investors’ Money Back
In addition to wads of cash and the aura of respectability, institutions are bringing Wall Street’s activist investing strategies to crypto markets.
The California fund manager joins a crowded field of firms hoping to dethrone Grayscale's GBTC.
Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures. Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund
The decision was made based on "changing market conditions."
Arca's CIO on DeFi's big year, bitcoin's ascent to “mainstream global investment” and the promise of digitizing the live sports experience.
Socioeconomic forces have tipped in crypto's favor this year, says Arca Fund's principal.