ARK Invest CEO Cathie Wood is a Bitcoin He expressed increased optimism about the approval of the spot exchange traded fund (ETF).
Wood stated that “the odds are increasing” for such a decision. cryptocurrency It signaled a positive outlook for the future of investment products.
ARK Invest, which recently announced its expansion into Europe by purchasing the UK-based ETF, had applied to US regulators in April to launch a spot bitcoin ETF in partnership with Switzerland-based 21Shares.
In his latest comments, Wood said, “We are partnering with 21Shares in the US, hoping to launch a bitcoin ETF if approved by the SEC. “We think the probability of approval is increasing,” he said.
Despite the regulatory issues that often accompany such ventures, Wood said he doesn’t expect any major problems for ARK Invest as it tries to launch more crypto products in Europe. “My feeling is there won’t be any problems,” Wood said. “But we are working with our partners who are still talking to regulators on this issue.”
With BlackRock also applying for a BTC ETF, cryptocurrency followers’ optimism for spot ETF approval in the USA has increased recently. The SEC will make its decision to postpone, accept or reject on January 10.
*This is not investment advice.
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