1 year ago
CEO of ARK Invest, Cathie Wood has shared her position connected the support timeline for Spot Bitcoin ETFs. She has besides highlighted the important interaction the authoritative authorization of Bitcoin ETFs would person connected the terms of BTC.
BTC Price Boom Predicted Following ETF Acceptance
Founder and CEO of American plus concern absorption firm, ARK Invest, Catherine Duddy Wood has precocious appeared successful an interrogation with Yahoo Finance. The unrecorded interview which was published via YouTube centers connected Wood’s views and opinions regarding the imaginable support of Spot Bitcoin ETFs and its effect connected the price of BTC.
According to the ARK Invest CEO, the terms of BTC could surge substantially if the United States Securities and Exchange Commission (SEC) approves Spot Bitcoin ETFs for organization investors.
“What we deliberation is going to hap present is that the SEC is going to beryllium giving BTC, a spot bitcoin ETF, the greenish airy for organization investors to participate. I deliberation a batch of institutions person been reticent earlier the SEC approves a spot bitcoin ETF to bash precise overmuch astatine each successful the crypto plus world,” Wood stated.
She added:
“All we request is for the trillions of dollars successful organization assets retired determination to allocate possibly 0.1% oregon 0.2% to an ETF, which volition beryllium 1 of the easiest ways to summation vulnerability and 1 of the astir businesslike ways to summation vulnerability to BTC. That volition determination the terms significantly.”
Bitcoin ETF Approval Expected In January
During the interview, Wood outlined a timeline for the support of Spot Bitcoin ETFs, predicting the imaginable approval dates for January.
“We bash deliberation it volition beryllium successful January. Famous past words, don’t privation to accidental we cognize anything, due to the fact that we don’t. But it’s conscionable the actions of the SEC that are starring america to that conclusion,” Wood said.
Despite the affirmative forecast, the ARK Invest founder besides stated that if the US SEC remains undecided astir Spot Bitcoin ETFs, past a BTC ETF whitethorn not beryllium necessary.
“We don’t privation a spot bitcoin ETF to get the greenish airy if determination are immoderate uncertainties that the SEC whitethorn have. So I deliberation we’re answering those uncertainties 1 by one, each of the filers for a spot bitcoin ETF. And I deliberation the dialogues are precise positive. I deliberation the outlook is agleam for a spot bitcoin ETF,” Wood stated.
Featured representation from Markets Insider, illustration from Tradingview.com
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