Eaglebrook Advisors is an independent managed accounts provider. announced Ark Invest and Ark Cryptocurrency have partnered to create the ARK Cryptocurrency Strategy.
Cathie Wood’s investment firm ARK Investment is launching its first crypto Separately Managed Account (SMA) for Registered Investment Advisors (RIAs).
SMAs are portfolios that are created by financial advisers or investment firms for individuals investors. The partnership will allow ARK expand its services beyond ETFs.
Cathie Wood, Founder and CEO of ARK, said:
“Through our partnership Eaglebrook, we can now offer actively managed cryptocurrency strategies to the wealth-management industry. These strategies will be separate managed accounts (SMAs), which are designed to meet the needs and clients of wealth managers and financial advisors. They offer direct ownership, low minimums and integrated portfolio reporting.
Advisors have the ability to differentiate themselves and enhance client diversification by including this asset class in their portfolios. This partnership combines Eaglebrook’s top-of-the-line technology-driven investment platform and ARK’s proven digital asset experience to provide a unique, turnkey investment solution.
Cathie Wood’s Ark Invest will make both crypto strategies actively managed by Cathie Woods. Clients of registered investment advisers can have their accounts separately managed through the partnership.
Eaglebrook and ARK are co-developing the ARK Cryptocurrency Strategy (ARK Crypto Asset Strategy) and the ARK Cryptocurrency Strategy (ARK Cryptocurrency Strategy). The Cryptocurrency Strategy primarily invests on Bitcoin. Ethereum, and Ark’s Crypto Asset Strategy is designed to invest in smart contract networks, DeFi and Web3, infrastructure and Top 10 – 20 coins related to scaling.
Roddy Chisholm (chief operating officer at Eaglebrook Advisors) said, “It’s an industry game-changer and another sign that mainstream adoption.”
Ark Investment Management LLC, which Cathie Wood owns, has expanded its research arm to pursue deeper development in various areas, including AI and blockchain.
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