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.com