Cathie Wood's Ark Invest has unveiled a new crypto fund that has raised more than $16 million from private investors. The fund is split into a domestic entity based in Florida and a foreign version based in the Cayman Islands.
Founders Fund, the VC firm co-founded by Peter Thiel, cashed out nearly $1.8 billion from an 8-year long bitcoin bet. The sale came a month before the crypto market crashed in May last year.
Summary: A new SEC filing revealed a $500 million crypto fund dubbed DBA Crypto Fund I LP. Top executives from...