Ark Invest CEO CathieDWood and Galaxy Digital CEO novogratz are both optimistic about the imminent approval of a spot bitcoin ETF. HeleneBraunn reports
“I think the SEC, if it’s going to approve a bitcoin ETF, will approve more than one at once,” said Wood,Speaking on his company’s earnings call on Tuesday morning, Novogratz – citing sources at BlackRock and Invesco –not a question of “if” but “when” one of the eight currently outstanding applications for a spot bitcoin ETF will receive SEC approval.
“It’s a big deal, because both our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if, that the outside window is probably six months,” Novogratz said. “And so you’re kind of in your four to six months, if you had to put a pin the tail on the donkey audit.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Required to Say ‘Yes’ or ‘No’ to Cathie Wood’s Ark Bitcoin ETF within WeekDeadline for the SEC to make a ruling on CathieWood’s Ark BitcoinETF is drawing close. $BTC Bitcoin
Read more »
Cathie Wood Expects Another Delay for ARK's Proposed Bitcoin ETFCathie Wood predicts that ARK Invest's proposed spot bitcoin ETF will face another delay. Wood emphasizes the importance of marketing and communication in the success of such ETFs.
Read more »
Cathie Wood Expects SEC to Approve Multiple Bitcoin ETFs SimultaneouslyCathie Wood has stated that the US Securities and Exchange Commission (SEC) may grant approval for multiple spot-Bitcoin exchange-traded funds (ETFs) at the same time, contradicting her previous belief that her firm would be the first to receive potential approval for this highly anticipated product.
Read more »
Cathie Wood predicts SEC simultaneously allowing multiple spot crypto ETFs: ReportARK Investment Management founder and CEO Cathie Wood predicts another delay in the approval of a spot Bitcoin ETF application by the SEC. This prediction aligns with a proposal by Grayscale, the company currently suing the SEC over its refusal to accept an application for its Bitcoin Trust to be converted to a spot Bitcoin ETF. Grayscale's legal team has requested the SEC to approve all proposed spot Bitcoin ETFs at the same time to prevent any advantage for one over another.
Read more »
Cathie Wood Says SEC Might Say Yes to Multiple Bitcoin ETFs at Same TimeCathie Wood suggests that the SEC, instead of approving a single spot Bitcoin ETF, might consider approving multiple related products simultaneously. This contradicts the belief that her firm will be among the first to receive approval for a spot Bitcoin ETF.
Read more »
Wood rot could hide your tree’s decayWhen you see mushrooms or other fungi growing out of the trunk of a tree, pay attention. It’s a sign that the wood inside the tree is decaying.
Read more »