Ark Investment’s Cathie Wood Joins Board of 21Shares Parent
“21Shares is forging a new path for crypto ETPs by leading with research and a keen understanding of this developing asset class,” said the investor.
The "ARK 21Shares Bitcoin ETF" hopes to be the first to win approval from U.S. regulators.
“A lot of institutional buying went on pause” due to concerns about mining’s environmental impact, the influential fund manager said at Consensus 2021.
Square's intentions to build out crypto products, including a hardware wallet, align with ARK ambitions to realize its exchange-traded fund.
Wood made the prediction even as the leading cryptocurrency tumbled on Wednesday.
Champion growth investor Cathie Wood has had a tough year. But consistency of approach could be her secret weapon, says our columnist.