“We know that the Grayscale Investment trusts are the most valuable part of that company right now, and they’re cash cows,” says Ark's Cathie Wood. – Reuters
NEW YORK: Digital-asset manager Grayscale Investments is now the crown jewel of Barry Silbert’s once-US$10bil (RM45.74bil) Digital Currency Group conglomerate, in the eyes of Ark Investment Management’s Cathie Wood.
“We know that the Grayscale Investment trusts are the most valuable part of that company right now, and they’re cash cows,” Wood said in a Bloomberg Television and Radio interview. “We think they’re going to try and hold onto that if nothing else.”
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