There's an interesting phenomenon worth paying attention to. Last year, the overall crypto market performed poorly, with Bitcoin dropping nearly 7%, and most crypto companies' stock prices also came under pressure. But did you know that the ARKF fund managed by Cathie Wood actually gained against the trend, with an annual return close to 30%?

The logic behind this isn't too complicated. ARKF expanded its investment scope beyond pure crypto projects to include more technology companies related to AI. This strategy clearly paid off. It is reported that ARKF's holdings include companies like PayPal, Adyen, and Toast, and recently they increased their positions in Circle and Robinhood.

Interestingly, the performance of the entire fintech fund sector last year was actually mixed. Some exchange-focused funds saw slight declines, but in the crypto and digital payments sectors, Fidelity's Crypto Industry and Digital Payments ETF, VanEck's Digital Transformation ETF, and iShares' Blockchain and Tech ETFs all achieved double-digit gains.

What does this tell us? In the crypto winter, choosing the right direction and strategy can indeed turn the tide. The success of Cathie Wood's portfolio approach, to some extent, also reflects the market's renewed focus on the value of fintech. Projects and funds that combine crypto DNA with AI trends turned out to be the winners last year.