Cathie Wood’s optimistic view casts a light on the approval of a Bitcoin ETF in the United States in January 2024, which is seen as a harbinger of a boom in the institutional cryptocurrency market. In her observation, the ARK Invest CEO expressed confidence in the swift approval of a spot Bitcoin ETF, noting that the U.S. Securities and Exchange Commission (SEC) proposed more changes in recent meetings with ETF applicants such as BlackRock and Grayscale. For detailed questions, this is seen as a sign of positive consideration by the SEC compared to previous denials.

Wood emphasized the importance of clear communication with the SEC, saying: "We don't want to get approval if there is any uncertainty." She believes that the current dialogue with the SEC is positive and moving forward. In an interview with Yahoo Finance, Wood stated that she believes the approval of a spot Bitcoin ETF looks promising and is likely to be approved in January 2024. Investors widely expect this approval to be a key milestone for institutional investors to enter the cryptocurrency market.

Currently, Bitcoin prices are relatively stable around $42,000, while traders and investors are looking forward to potential gains in 2024, especially in the second quarter when the Bitcoin halving event is expected to occur.

Bo Shi I agree with Cathie Wood's view. If the SEC approves a Bitcoin ETF, it will provide institutional investors with a more convenient entry point and is expected to promote greater participation in the cryptocurrency market. This would also open the door for Bitcoin to become more widely recognized and adopted. However, investors should remain alert as the market remains uncertain and risk management remains key. #ETF批准 #ETF批准预期 $BTC $SOL $ETH