Eligible U.S. investors can now buy Cathie Wood’s ARK Venture Fund (ARKVX +0.00%) as a token on the Ethereum (ETH +0.15%) blockchain, Space Exploration Technologies was the fund’s top holding, with a weight of 7.1%, ahead of the prediction market Kalshi at 5.8%, OpenAI at 5.4%, and Anthropic at 4.1%.

Does it even make sense to buy a token that effectively brings a rocket company and two artificial intelligence labs to your crypto wallet? Let’s walk through how this fund works to start.

Ark Invest CEO Cathie Wood. Image source: Getty Images.

This fund’s token isn’t freely tradable for everyone

Cathie Wood’s Ark Invest and the tokenization company Securitize announced the ARKVX tokens on Sept. 24.

The only eligible buyers are those…