๐๐๐๐๐๐๐๐๐๐๐๐๐๐UPDATE: Cathie Wood says โhopes are risingโ for spot #bitcoin ETF
.๐The Chiefs of ARK invest and BlackRock shared their experiences on the present status of Bitcoin ETF applications and current market elements.
.๐Cathie Wood, the President and CIO of ARK Contribute, remarked on forthcoming spot #Bitcoin ETF applications.
As ARK invest is one of a few resource directors seeking after a spot Bitcoin ETF, Wood started by depicting the present status of her organization's application
The U.S. Securities and Exchange Commission (SEC) distributed starting solicitations for remarks on select spot Bitcoin ETF applications in late September. However ARK Contribute was not one of the organizations that at first got a solicitation from the office, it in any case answered by refreshing its application on Oct. 11.
During the ongoing meeting, Wood proposed that the SEC's inquiries show that the organization's position toward spot Bitcoin ETFs is evolving. She added that the SEC's choice to look for data could mean that "trusts are ascending" for spot Bitcoin ETFs.
At the point when the interviewer proposed that numerous observers accept a spot Bitcoin ETF could be supported before the year's over, Wood recommended that this could be because of ARK's own endorsement cutoff time. The SEC should arrive at a choice on ARK's proposition by Jan. 10, 2024. However ARK's application is preferred choice, Wood noticed that numerous ETFs could be supported without a moment's delay โ repeating one of her prior assertions from August
