EddieJayonCrypto

 27 Dec 23

tl;dr

Renowned US investor and CEO of ARK Invest, Cathie Wood, is optimistic about the approval of a spot Bitcoin ETF in the US and has noted the SEC's thorough questioning of ETF filers. She emphasized the importance of addressing uncertainties before approval and predicts a bright outlook for approval i...

Renowned US investor and CEO of ARK Invest, Cathie Wood, is optimistic about the approval of a spot Bitcoin ETF in the US and has noted the SEC's thorough questioning of ETF filers. She emphasized the importance of addressing uncertainties before approval and predicts a bright outlook for approval in January 2024. Once approved, the spot ETFs will enable institutional investors to participate in the crypto market.


Wood recognizes the SEC's extensive discussions with ETF seekers, stating that companies do not want the SEC to have any uncertainties. The SEC has asked thoughtful, detailed, and technical questions in recent meetings with spot ETF filers. Wood predicts a bright future for the approval of spot ETFs, specifically in January 2024. This optimistic outlook will enable institutional investors to seize opportunities in the crypto market once approved.

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