Last two days ARK-F has picked up 78,000 shares of Silvergate Capital (SI). Some exciting developments:
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SI has doubled its stock price in last 30 days. ($15 to $31)
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A key investor of IS is Digital Currency Group (DCG). DCG has invested in famous industry leaders such as Coinbase, Circle, Ledger, and Ripple. DCG also owns Coindesk, Genesis, and Grayscale.
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SI runs the Silvergate Exchange Network (SEN) -- which allows "institutional investors to move U.S. dollars to digital currency exchanges and trading partners 24/7 in real time at no extra cost." The SEN 928 digital currency clients (with 200 waiting to be onboarded), including Gemini, Genesis, Bitamp, Coinbase, LedgerX, and Kraken.
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In Q3 the SEN saw a 70% increase in transactions. That's a 455% increase from same time last year. Source. Coindesk reports that SEN has seen a all-time high 100 billion transaction volume, which it considers a "significant adoption" of the platform.
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SI also added $586 million in new deposits from the crypto industry in Q3, a 40% increase from last quarter.
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You can read more about SI here, more about Q3 earnings here, and more news articles here.
I know very little about crypto. But I have a lot of respect for ARK-F. Does anyone here with Crypto knowledge have a good idea why this company is being added to ARK-F? Is this the only crypto company on there?
Submitted November 19, 2020 at 12:57AM by r2002 https://ift.tt/35KAub8
