Cathie Wood, CEO of investment company Ark Invest, emphasized that the odds that spot Bitcoin (BTC) ETFs will be approved have increased significantly.
Ark Invest CEO Cathie Wood said in an interview on CNBC that the U.S. Securities and Exchange Commission (SEC) choosing to ask questions showed a change in behavior and spot Bitcoin exchange-traded funds (ETFs) will be approved He said that it increases the possibilities.
Wood jointly applied for ARK21Shares Bitcoin ETF (ARKB) 21Shares And themselves with healthy among SEC He stated that there was a communication:
Our partner 21Shares answered the SEC’s questions and submitted a response. We are seeing a change in the SEC’s behavior.
CEO says ETF applications are currently open first place And The decision date is January 10. while reminding that they can get the first approval he emphasized. Stating that the SEC may approve more than one spot Bitcoin ETF application in order not to give an advantage to any company, Wood said that the approval 2023 end or early 2024 He said he could come.
Wood also comments on SEC’s spot Bitcoin ETFs institutional suspicions in case of approval He said he believed it would disappear. Ark Invest CEO thinks that institutional investor interest will return to Bitcoin with incoming ETF approvals.
Cathie Wood said that the obstacle to spot Bitcoin ETF applications is not the SEC but Chairman Gary Gensler.