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Cathie Wood is the founder and chief investment officer of Ark Investment Management, which operates several exchange-tradedfunds focused on innovative technology stocks. Electric vehicles, e-commerce, space exploration, artificial intelligence (AI), and cryptocurrency are just some of the areas Ark is betting on right now.
Cathie Wood is the head of Ark Investment Management, which operates 14 exchange-tradedfunds (ETFs) focused on technological innovations. Seizure-resistant asset: Between 1% and 5% of the global wealth held by highnetworthindividuals could be stored in Bitcoin to protect it from the government.
A prime brokerage A prime brokerage is a group of services offered to ultra-high-net-worthindividuals (UHNWI) or hedge funds. These are called private placements, and most of the time, the shares are sold to investment banks or hedge funds.
High-net-worthindividuals: Ark believes Bitcoin will account for 1% (bear) to 5% (bull) of assets held by high-net-worthindividuals (HNWIs) by 2030. Institutional assets refers to money invested by financial advisors, endowments, hedge funds, and other financial institutions.
A hundred years ago, people primarily invested in individual stocks through stockbrokers. Mutual funds changed the game, followed by the further advances – and a decrease in investing costs – brought on by exchange-tradedfunds in the early 2000s.
Cathie Wood is the founder of Ark Investment Management, which operates several investment funds focused on innovative technologies like cryptocurrencies, electric vehicles, artificial intelligence, and more. Securities and Exchange Commission approved dozens of Bitcoin exchange-tradedfunds (ETFs).
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