Bloomberg Law
May 10, 2021, 6:00 PM

Ark’s Cathie Wood Backs European Crypto Platform, Joins Board

Gillian Tan
Gillian Tan
Bloomberg News

Cathie Wood, founder and chief executive officer of Ark Investment Management LLC, joined the board of cryptocurrency platform Amun Holdings Ltd. after personally investing in the operator of 21Shares AG, which specializes in exchange-traded products.

“21Shares is forging a new path for crypto ETPs by leading with research and a keen understanding of this developing asset class,” Wood said in an emailed statement. “I am thrilled to support its efforts.”

Zurich-based Amun’s assets under management have climbed to about $2 billion from $27 million in March 2020, CEO Hany Rashwan said in an interview. It’s profitable, with $40 million ...

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