In a recent statement, Cathie Woods, CEO of Ark Invest, stated that the SEC may approve several Bitcoin ETFs at once. Woods also mentioned that Ark Invest could be one of the first to get prolonged approval.
Woods said during her interview with Bloomberg TV:
“I think the SEC, if it’s going to approve a Bitcoin ETF, will approve more than one at once.”
Cathie Woods, CEO of Ark Invest to Bloomberg TV
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ARK Invest said it could receive the first Bitcoin ETF approval
ARK Invest stated earlier that it was among the first applicants for a spot Bitcoin exchange-traded fund (ETF). It also anticipates potential approval. However, Cathie Wood, the CEO of ARK Invest, has now revised her perspective on the approval. She now says that the regulator might approve multiple applications simultaneously.
Bitcoin exchange-traded funds (ETFs) have been attracting growing interest in the market recently. Notable asset management companies, including BlackRock and Fidelity, have filed for BTC ETFs. Grayscale, a significant player in the cryptocurrency investment sector, has also called on the Securities and Exchange Commission (SEC) to simultaneously consider approving all proposed spot Bitcoin ETFs.
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The approval of the BTC ETF has been a subject of uncertainty. However, ETF analysts at Bloomberg estimated that the chances of at least one spot BTC ETF being approved and launched in the US this year have increased.