Published on 12 Apr 2024 on Motley Fool via Yahoo Finance
Ark Invest is an asset management company focused on disruptive innovation. Under CEO Cathie Wood, the company manages thematic exchange-traded funds (ETF) built around various technologies, including blockchain and cryptocurrency.
Ark has long been bullish on Bitcoin (CRYPTO: BTC). In 2015, it became the first public fund manager to gain exposure to the cryptocurrency, which traded around $200 at the time. Nearly a decade has passed, and Bitcoin is now worth $70,000, but Wood and her team still see substantial upside for investors.