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Cathie Wood, CEO of ARK Invest, "The Odds Increase", for approval of #ETF cash #bitcoin
Influential innovation investor Cathie Wood is increasingly optimistic about the approval of a Bitcoin spot ETF in the US, at least according to a recent media call.
His comments come amid ongoing efforts by multiple entities to launch a Bitcoin ETF in the US, including existing ones like Fidelity and BlackRock, a development that signals growing interest in giving investors easier access. to cryptocurrencies.
"We are partnering with [21Shares] in the US, hoping to launch a bitcoin ETF, if it is ever approved by the SEC. We think it increases the odds of it being approved," says Wood.
However, while the US grapples with the approval of spot Bitcoin ETFs, other countries, such as Canada, have already approved and launched similar products.
Wood said he did not foresee any problems for Ark Invest as it attempts to launch more crypto products in Europe.
"My feeling is that there will be no problem. But we are still working on it with our partners who are talking to regulators," Wood noted.
#BTC #crypto2023 #crypto $BTC
Cathie Wood, CEO of ARK Invest, "The Odds Increase", for approval of #ETF cash #bitcoin
Influential innovation investor Cathie Wood is increasingly optimistic about the approval of a Bitcoin spot ETF in the US, at least according to a recent media call.
His comments come amid ongoing efforts by multiple entities to launch a Bitcoin ETF in the US, including existing ones like Fidelity and BlackRock, a development that signals growing interest in giving investors easier access. to cryptocurrencies.
"We are partnering with [21Shares] in the US, hoping to launch a bitcoin ETF, if it is ever approved by the SEC. We think it increases the odds of it being approved," says Wood.
However, while the US grapples with the approval of spot Bitcoin ETFs, other countries, such as Canada, have already approved and launched similar products.
Wood said he did not foresee any problems for Ark Invest as it attempts to launch more crypto products in Europe.
"My feeling is that there will be no problem. But we are still working on it with our partners who are talking to regulators," Wood noted.
#BTC #crypto2023 #crypto $BTC
