In a recent podcast conversation between Ark Invest CEO Catherine Wood and Ophelia Snyder, co-founder of 21Shares, the duo discussed their partnership and shared insights into the crypto realm.
Why ARK & 21Shares? ARK’s been on the forefront of crypto research since 2014 & was the first fund manager to gain exposure to bitcoin in 2015. 21Shares is the world’s largest crypto ETP provider. We know bitcoin & we’re just getting started.
Prospectus: https://t.co/EBHc309WuF
— ARK Invest (@ARKInvest) January 21, 2024
Snyder expressed her excitement about bringing the ARK 21Shares Bitcoin ETF (ARKB) to the market. She emphasized how this venture represents the culmination of years of work and the combination of strengths between Ark Invest and 21Shares.
According to Wood, she was highly impressed by 21Shares’ focus on building infrastructure platforms in the cryptocurrency industry. She noted that 21Shares demonstrated extensive research engagement, not just with the technology itself but specifically surrounding Bitcoin and blockchain innovations.
Wood also took to Twitter to share her thoughts on the Bitcoin network’s checks and balances. In response to a claim that Satoshi Nakamoto controls Bitcoin, she stressed the importance of Bitcoin’s value as the linchpin in the system of checks and balances within the Bitcoin network.
Wood pointed out that thousands of developers, nodes, miners, and users worldwide act as a global neighborhood watch, diligently working to enhance the network’s value. She emphasized that Satoshi Nakamoto was just one contributor to this collaborative effort.
In another tweet, Wood highlighted the perspective of Dr. Arthur Laffer, a renowned monetary scholar known for the Laffer Curve. Dr. Laffer, mentored by Nobel Prize winner Robert Mundell, believes that Bitcoin, as a return to private rules-based money, could represent the most positive step forward in global monetary history.
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