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Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million – New Bull Market Imminent?
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Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.According to recent filings with the U.S.
Securities and Exchange Commission, Ark Invest has raised $16.3 million for a crypto fund split between a domestic and a Cayman Islands-based version.The ARK Crypto Revolutions U.S.
Fund LLC raised $7,281,630 from nine investors, while the ARK Crypto Revolutions Cayman Fund LLC raised almost $9 million from one backer.
The filings show both funds opened for investments starting this month. For the overall target, Ark checked “Indefinite,” meaning the fund is open-ended.
Read more on cryptonews.comAbout this in other media
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Cathie Wood's Ark Investment Raises $16 million for Private Crypto Funds investopedia.com /1 week ago
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