Ark Investment Management Ups Holdings in Coinbase
The firm has continued to sell shares in Square.
Square's intentions to build out crypto products, including a hardware wallet, align with ARK ambitions to realize its exchange-traded fund.
Wood made the prediction even as the leading cryptocurrency tumbled on Wednesday.
The New York-based investment manager invests heavily in crypto and blockchain companies.
“21Shares is forging a new path for crypto ETPs by leading with research and a keen understanding of this developing asset class,” said the investor.
Three ARK funds also sold a combined 233,147 shares in Nvidia worth around $13.4 million.