Cathie Wood's ARK Invest Will Offer Crypto Strategies to Investment Advisors

In partnership with Eaglebrook, the strategies will be offered to registered investment advisors.

Cathie Wood's investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with digital asset platform Eaglebrook, the companies announced on October 3.

The ARK cryptocurrency strategy aims to capitalize on the currency revolution, the companies said in the statement, saying it “could serve as a strategic allocation in well-diversified portfolios.”

Cathie Wood, Founder and CEO of ARK, said:

"The strategies will be separately managed accounts (SMA) designed to meet the needs of financial advisors, wealth managers and their clients by offering direct ownership, low minimums and portfolio reporting integration, among other advantages."

This collaboration should allow Ark to expand its services beyond exchange-traded funds (ETFs). An SMA is a portfolio created by a financial advisor or investment company for a single investor. On ETFs, investors hold shares of the fund instead of the underlying securities.

ARK's premier fund, the Ark Innovation ETF, aims for long-term capital growth by investing in disruptive innovation companies, according to its official website. It has $7.946 billion under management and was down 60.11% as of September 30, while the S&P 500 is down 23.87% and the price of BTC has fallen more than 58% in 2022. Wood is known to be a big supporter of Bitcoin (BTC), who predicted that BTC will reach $1 million by 2030.

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