Ark Investment Management CEO Cathie Wood joins the board of cryptocurrency platform Amun Holdings, the parent company of 21Shares, which focuses on ETPs [Exchange-Traded Products].
Within an official announcement, Wood joined Amun’s board after personally investing within the operator of 21Shares AG, consistent with a Bloomberg report. She met the Amun team at a conference in 2019.
“21Shares is forging a new path for crypto ETPs [Exchange-Traded Products] by leading with research and a keen understanding of this developing asset class,” Wood said to the publication.
Amun was founded earlier in 2018 by Hany Rashwan, the CEO, and Ophelia Snyder, the president. Later in 2020, the company changed its name and branding to 21Shares, although Amun remains the name of the parent company of the ETP provider.
21Shares’ instruments are listed on Swiss, Austrian as well as German exchanges.