By Karen Roman
Cathie Wood’s ARK Innovation ETF (BTS: ARKK) is buying shares of crypto infrastructure company Solmate, the new operating name of Brera Holdings PLC (Nasdaq: SLMT), after a recent dip.
ARK Innovation has been adding to its position in SLMT and focusing on Solmate becoming a leader in Abu Dhabi’s next-generation financial infrastructure, Ms. Wood said in a Jan. 15 episode of ARK’s “For Your Innovation” podcast.
“We are seeing ‘regulatory whiplash’ in the U.S.,” Ms. Wood said. “By moving to Abu Dhabi, Solmate isn’t just saving money; they are buying regulatory clarity. They are moving at the speed of innovation while their U.S. peers are stuck in litigation.”
ARK Innovation is also focusing on semiconductors, AI, cryptocurrency and health tech amid market dips, it stated.
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