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Cathie Wood Anticipates Multiple Bitcoin ETF Approvals by SEC
Cathie Wood, the CEO of ARK Invest has expressed belief that the US Securities and Exchange Commission (SEC) may approve multiple spot Bitcoin Exchange-Traded Funds (ETFs) simultaneously.
Cathie Wood Shifts Perspective on Bitcoin ETF
Cathie Wood shared her updated perspective on spot Bitcoin ETF approvals during an interview with Bloomberg TV on Monday, where she stated:
“I think the SEC if it’s going to approve a Bitcoin ETF, will approve more than one at once.”
This shift in perception indicates a reversal in the crypto community, as her firm had previously claimed to be at the forefront of the approval process due to its early application submission with the SEC.
In June, ARK Invest made waves when it filed for a spot-Bitcoin ETF. The firm’s enthusiasm was boosted by its timely filing with the SEC. However, the environment has changed, with Wood speculating that the regulatory body may choose to approv
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