Cathie Wood, chief executive officer of ARK Invest, expected Bitcoin He suggested that his ETF could be announced very soon. While Wood stated that the SEC has begun to clarify the details of ETF applications, he also made comments regarding its stance.
Cathie WoodIn the context of the SEC’s previous denial of spot ETF approvals, officials have asked thoughtful, detailed and technical questions in recent meetings with filers, he noted. He added that the Commission asked not just a series of questions but several follow-up questions during the talks, which was a very encouraging move.
Koinfinans.com As we reported, Cathie Wood welcomed the extensive discussions with ETF applicants and underlined that companies do not want the SEC to have any uncertainty.
We don’t want a spot Bitcoin ETF to be greenlit if there is any uncertainty the SEC might have. We answer the SEC’s questions one by one and the conversations are very positive.
NEWS CONTINUES BELOW
Speaking to Yahoo Finance, the Minister expressed confidence that the outlook for spot Bitcoin ETF approval is positive and that the approval will occur in January 2024. This rules out the possibility of an early approval before the end of 2024 due to ongoing negotiations. Approval of spot ETFs for institutional investors cryptocurrency He said he would give the green light for them to join the market.
Meanwhile, the Bitcoin price remains largely stagnant at the $42,000 level, while traders and investors continue to expect significant returns into 2024 due to the Bitcoin halving planned for the second quarter of 2024.