Cryptocurrencies

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

Amun, which operates 21Shares, manages about $2 billion
Wood joins Zurich-based firm as independent board member

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By Gillian Tan

May 10, 2021 at 6:00 PM UTC

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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.”