Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the SEC approval, should we and others get it, is a green light for institutions. We’ve been talking to quite a few of them, and they’re much more interested now that the SEC effectively is paving the way,” the executive shared.
Cathie Wood on Potential Spot Bitcoin ETF Approvals
The CEO of Ark Investment Management, Cathie Wood, shared her view on the potential spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC Monday. Her firm’s joint proposal with 21shares is up for a decision on Wednesday, the first deadline for spot bitcoin ETF applications this year.
Regarding whether institutional investors are more open to investing in bitcoin with the expected approval of spot bit
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