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Ark Invest's Digital Assets Lead Yassine Elmandjra Resigns

Ark Invest's digital assets chief, Yassine Elmandjra, resigns after six years

3 min January 8, 2025

Highlights:

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Yassine Elmandjra resigns as Ark Invest’s digital assets lead after six impactful years.

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Elmandjra played a key role in Ark’s pioneering crypto strategy and ETF launches.

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His departure aligns with broader shifts in the crypto industry’s leadership and regulatory landscape.

Ark Invest's Digital Assets Lead Yassine Elmandjra Resigns

Ark Invest’s digital assets division lead, Yassine Elmandjra has resigned. After six and a half years, Elmandjra has become a recognized figure in the world of crypto and blockchain. His departure has left many wondering what lies ahead for both him and the digital asset space.

 

Elmandjra’s Role at Ark Invest

 

 

Before joining Ark Invest in 2018, Elmandjra worked as an analyst at Arena Investors and Rembrandt Venture Partners. His focus was on innovative investment strategies. However, Ark Invest offered him the platform to truly make an impact.

 

Ark’s founder, Cathie Wood, praised him as a "brilliant mind" and acknowledged his vital role in creating one of the leading crypto teams in the industry. Under his leadership, Ark took bold steps. 

 

In 2015, the firm made history by becoming the first public fund manager to invest in Bitcoin. Elmandjra further strengthened Ark’s position by launching Bitcoin and Ethereum Exchange-Traded Funds (ETFs).

 

A Changing Landscape for Crypto

 

Elmandjra's exit signals a broader shift in the industry. High-profile resignations are happening across the crypto and blockchain sector. SEC Chairman Gary Gensler will step down soon.

 

Other figures, such as Michael Barr of the Federal Reserve and Rostin Behnam of the CFTC, are also leaving. These moves may change the landscape for digital assets in the U.S. Some experts predict that the next administration could ease regulatory pressures. 

 

Elmandjra’s departure marks the end of an era at Ark Invest. His influence will be felt for years to come. As new leadership takes charge, the future of crypto and digital assets remains uncertain but full of possibilities.

 

 

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