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Cathie Wood's Ark Investment Raises $16 million for Private Crypto Funds

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Cathie Wood's Ark Investment raised about $16 million for new private crypto funds, according to U.S. Securities and Exchange filings.

The newly introduced crypto funds were halved between a domestic and a Cayman Islands-based version. The ARK Crypto Revolutions U.S.

Fund LLC raised about $7.3 million from nine investors, while the ARK Crypto Revolutions Cayman Fund LLC raised $8.99 million from a single investor totaling approximately $16.3 million.

The investment target wasn't capped, rather, it's “indefinite,” indicating the funds are open-ended with an exclusive list of investors who have access to it.

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