ARK's Cathie Wood Anticipates SEC Shift On Bitcoin Spot ETFs: 'They Will Approve..But'
Portfolio Pulse from Mehab Qureshi
Cathie Wood, CEO of ARK Invest, has indicated a shift in the SEC's stance on Bitcoin Spot ETFs, noting improved engagement and the potential for multiple approvals to avoid partiality. The final deadline for ARK's application is January 10. Additionally, ARK Invest has expanded into Europe by acquiring Rize ETFs, now ARK Europe, to cater to its European subscriber base. Bitcoin's price was down 3.70% at $35,596.4.
November 15, 2023 | 7:55 pm
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ARK Invest's CEO Cathie Wood anticipates a favorable SEC decision on Bitcoin Spot ETFs, which could positively impact ARK ETFs if approved. ARK's strategic acquisition of Rize ETFs, now ARK Europe, may also bolster its European presence.
Cathie Wood's comments suggest a positive outlook for ARK ETFs, especially if the SEC approves Bitcoin Spot ETFs. The acquisition of Rize ETFs indicates ARK's commitment to growth, which could be viewed favorably by investors.
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