Cathie Wood's active approach to the crypto market
Well-known American investor and founder of ARK Invest, Cathie Wood, is known for her active interest in blockchain technologies and cryptocurrencies. Despite the overall decline in the digital asset market in Q4 2022, her funds continue to increase positions in leading crypto companies.
According to SEC filings, ARK Invest has acquired shares of the Coinbase exchange, the Circle payment system, and the decentralized exchange Bullish. These purchases were made against the backdrop of a general decline in cryptocurrency prices, which indicates the long-term confidence of ARK's management in the growth prospects of the industry.
The impact of the crypto crisis on ARK funds
Despite the fact that crypto assets are one of the key investment areas for ARK Invest, their decline in Q4 2022 had a negative impact on the performance of the company's funds. Thus, Coinbase became the largest factor in the decline in the return of the ARK Innovation ETF portfolio last year.
Nevertheless, Cathie Wood and her team continue to believe in the long-term prospects of the crypto industry and are increasing their presence in this market. This approach fits into the overall ARK Invest strategy, aimed at finding and investing in breakthrough technologies of the future.