Bennie Kincaid 
Ark Investment has made an announcement pertaining to new crypto private funds. The latest reports have confirmed that Cathie Wood’s Ark Investment has raised a huge fund for the launch of the two funds.
New Private Crypto Funds
As per the officials at Ark Investment, they were in the process of raising funds for two private crypto funds. These funds are new and will be targeting the digital assets market.
There is a great surge in interest and adoption of digital assets, and cryptocurrencies throughout the world. Although the previous year was a huge disappointment for the entire crypto market, things have become bullish in the running year.
The teams at Ark Investment have confirmed that they have generated over $16 million for the new crypto funds.
One of the major reasons why the crypto markets have picked up momentum in recent years is because of the uncertainties within the banking system.
In recent weeks, the banking system has become very uncertain and unpredictable. The traders and the clients are not sure how things are going to work out in the banking sector.
Therefore, they have started investing in cryptocurrencies. The crypto sector has emerged as a safe haven for the banking sector, making things quite favorable for the bullish movement of the market.
Recent Filing Revealed the Fundraise
Ark Invest has recently submitted a filing at the US Securities and Exchange Commission (SEC). The company has revealed in the filing that they have raised decent funds for the creation of two major crypto funds.
The company revealed having generated $16.3 million and also confirmed which firms will be getting these funds.
The filing confirms that one version of the fund would be launched on a domestic level while the second one will be launched in the Cayman Islands.
As per the officials, the funds will be split between the two versions of their crypto fund.
The Two Crypto Funds
The names of the crypto funds are ARK Crypto Revolutions Fund LCC for the Cayman Islands and ARK Crypto Revolutions Fund LLC for the United States.
The Cayman Islands Fund LLC has raised almost $9 million from the funding round. Whereas, the US Fund LLC has raised $7.28 million from the funding round.
The filing also confirms that it hasn’t been long since these funds were launched by Ark Investment. The report shows that it was the beginning of March when both funds were launched by the company.
This goes to show that Ark Investment has been closely monitoring the crypto as well as the banking sectors. It has been analyzing the entire situation and has come to the conclusion that the crypto sector is more attractive for investors and users.
Therefore, they have decided to launch two funds in the cryptocurrency industry realizing that it is the right time to do it.
They have confirmed that both funds have been created to act as private entities. There won’t be any kind of restriction over the type or class of investors. Every investor will be able to interact with the funds.
Whether it is a small investor or a corporate one, they will have full access to the private funds. To ensure the nature of the private funds, they have classified them as open-ended, which usually refers to “Indefinite”.
Ark Investment is Taking Full Advantage of the Trend
Ark Investment is among the companies that have not lost their trust in the crypto market despite the downtrends.
It has always remained bullish and has continued investing in crypto firms. In recent events, the crypto markets have continued to face increased regulatory scrutiny.
With uncertainty growing in the crypto industry, Ark Invest has continued increasing its influence in the industry. It has been making huge investments in major crypto firms such as Coinbase.
It has acquired a total of 301,437 shares belonging to the Coinbase exchange. These shares were reportedly acquired by ARKK, known as ARK Innovation ETF.
