ARK Investment Management CEO Cathie Wood has declared her support for Ethereum and its vast decentralized finance ecosystem in her recent tweet.
.@ARKInvest applauds the DeFi innovation evolving on and around the #Ethereum blockchain. https://t.co/QvK5JA1sIY— Cathie Wood (@CathieDWood) August 6, 2021
Her bullishness is not limited to her Twitter handle. As of June 30, ARK owned 721,936 shares of Grayscale Ethereum Trust that were cumulatively worth $16.2 million, according to its latest filing with the U.S. Securities and Exchange Commission.
On Aug. 5, Ether soared to $2,844 on the Bitstamp exchange, its highest level since June 4 following the activation of its London hard fork.