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Ark Raises $16.3 Million for New Crypto Fund Amid Buying Spree

Innovation-focused fund manager Ark Invest raised more than $16 million for a crypto fund split across a domestic and a Cayman Islands-based version, according to filings with the U.S. Securities and Exchange Commission on Wednesday.

ARK Crypto Revolutions U.S. Fund LLC raised $7.3 million from nine investors, while the ARK Crypto Revolutions Cayman Fund LLC raised almost $9 million from one backer.  CoinDesk first reported the news. 

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