I’ve been covering crypto markets for long enough to remember when Ark Invest CEO Cathie Wood’s interest in Bitcoin (BTC) was treated with backlash. In a 2018 note published on ARK Invest (written by Cathie Wood), she said ARK was the first public asset manager to gain Bitcoin exposure (via Grayscale’s Bitcoin Investment Trust/GBTC) and that the move prompted “a number of questions and much ridicule” in September 2015. The skepticism wasn’t necessarily a huge personal attack, but professionals at the time often questioned the seriousness of crypto as an investable asset and viewed such early bets by a traditionally ... (full story)