Cathie Wood, the Founder and Chief Executive of Ark Invest, expects the U.S. Securities and Exchange Commission (SEC) to delay its ruling on the company’s application for a Spot Bitcoin ETF. The current deadline for the SEC to announce its decision is August 13th, but Wood believes it will be extended. In an interview with Bloomberg, Wood also suggested that the SEC may approve multiple Bitcoin ETFs simultaneously. She mentioned that most of these ETFs would be similar and that the approval decision would come down to marketing and communication. Apart from Ark Invest, eight other firms, including BlackRock Inc, have filed for a Bitcoin ETF. Wood also revealed that her firm is significantly invested in Grayscale Bitcoin Trust. The possibility of a Bitcoin ETF has been the focus of crypto-related discussions and has contributed to the recent rally in Bitcoin’s price. Wood stated that her firm has been conducting research on Bitcoin and is trying to spread the word about its depth. However, she did not disclose her plans regarding her Investment in Grayscale Bitcoin Trust if a Spot Bitcoin ETF is approved by the SEC. The full interview and Wood’s comments can be found on CoinJournal.
Cathie Wood Suggests SEC Could Simultaneously Approve Multiple Bitcoin ETFs
parofix.com
Cathie Wood Suggests SEC Could Simultaneously Approve Multiple Bitcoin ETFs
parofix.com