Since Cathie Wood first invested in the leading cryptocurrency in August 2020, the price of Bitcoin has increased more than 12,000%. This unprecedented growth has earned investors lucrative returns, putting Wood’s bet to the test.
ARK Invest has filed with the U.S. Securities and Exchange Commission for approval to list the world’s first Ether exchange-traded fund (ETF). The ETF would allow investors to gain exposure to Ether, the second-largest digital asset, on the public markets.
Tech investor Cathie Wood believes Bitcoin and AI will converge in the future, giving rise to a new wave of financial products. Wood touted the potential of this partnership in an interview last week, stating “We’re entering a new, dynamic era of innovation and technology–and BTC and AI will be at the forefront.”