Join our group Telegram to stay up to date with the latest live crypto news.
Firmly believing in the return to the forefront of the crypto market, Ark Invest continues its momentum. The investment fund led by Cathie Wood has again just raised more than $16 million for a crypto fund.
Ark Invest continues the forward march in crypto!
Known for its investments in promising sectors of the economy, Ark Invest is now particularly involved in the digital asset sector. Documents filed with the SEC (Securities and Exchange Commission), indicate that Ark Invest opened two separate funds on March 1.
- ARK Crypto Revolutions U.S Fund LLC
- ARK Crypto Revolutions Cayman Fund LLC
The first US-based fund raised nearly $7.3 billion from 9 investors. The second, based in the Cayman Islands, is said to have raised $9 million from a single funder. The documents filed with the American financial policeman specify that the objective of the funds is “undefined”. In other words, it therefore remains open.
With this new fundraising, Ark Invest continues its aggressive policy on the crypto market. In recent weeks, the investment fund led by Cathie Wood had been talked about for its massive and successive redemptions of Coinbase stock. The fund has also purchased nearly $20 million of Block stock in recent weeks.
Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
Cathie Wood optimistic about inflation in 2023!
The leader of Ark Invest seems particularly optimistic about the inflationary outlook for 2023. And de facto, about the direction that the crypto market could take in 2023. As evidenced by her successive purchases of theaction Coinbase or evenaction Robinhood. The following graph, available on the platform Trading Economics resumes the evolution of l’indice “Core Inflation Rate” in the United States over the past 12 months:
This indicator, which measures changes in the level of prices excluding energy and foodstuffs, has been falling since last September. And the consensus is now counting on a continued slowdown in inflation. If the data confirms the projections, the FED could limit its rate hikes. For the next meeting scheduled for March 22, the consensus expects 85% for an increase contained to 25 basis points. For 15% of the indicators, the FED might not even increase its key rate on this occasion. No one doubts that such an assumption would obviously be beneficial for Cathie Wood and her Ark Invest fund. Answers expected next week!
Source : The Block
On the same subject :