The two actively managed cryptocurrency strategies offered by ARK Investment, Cathie Wood‘s financial company, are accessible to registered investment advisers. According to a partnership the two firms established on October 3 with the digital asset network Eaglebrook, the strategies would be accessible as separately managed accounts (SMAs). According to the firm’s announcement, the ARK Cryptocurrency Strategy intends to benefit from the financial transformation and may serve as a strategic allocation in well-diversified portfolios. Separately Managed Accounts (SMAs) ARK’s CEO and founder, Cathie Wood, stated that the methods will be separately managed accounts (SMAs) designed to suit the demands of financial advisers, wealth managers, and their clients by enabling direct ownership, low minimums, and portfolio reporting integration, among other features. Due to this partnership, ARK should be able to broaden its offerings beyond exchange-traded funds (ETFs). Investors hold shares of the ETF rather than the underlying equities when investing in ETFs. ARK Innovation ETF Strives to Increase Capital According to its official website, the top-tier fund at ARKs, the ARK Innovation ETF, strives to increase capital over the long term by investing in businesses engaged in disruptive innovation. As of September 30, it had $7.946 billion under management and was down 60.11%, while the S&P 500 fell 23.87%, and BTC price dropped by more th...
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