ARK INVEST CEO CATHIE WOOD: 'ODDS GOING UP' FOR BITCOIN SPOT ETF APPROVAL

Cathie Wood, the CEO of influential innovation investor ARK Invest, has voiced new optimism regarding the potential approval of a Bitcoin spot ETF in the United States, stating that the "odds are going up" for such a decision.

Her comments come amid ongoing efforts by multiple entities to launch a Bitcoin ETF in the U.S., including by incumbents like Fidelity and BlackRock, development that signals growing interest in providing investors with easier access to crypto.

The path to approving a Bitcoin spot ETF in the U.S. has been marked by a series of applications, delays, and discussions with the SEC. While several proposals have been filed by prominent financial firms like VanEck and Fidelity, the SEC has delayed its decisions on these applications. #BTC