Cathie Wood Says SEC Will Approve Multiple Bitcoin ETFs at Once

Cathie Wood said that the US Securities and Exchange Commission may approve multiple spot-Bitcoin ETFs at the same time, reversing an earlier view that her firm would be first in line to get potential approval for the long-awaited product.

“I think the SEC, if it’s going to approve a Bitcoin ETF, will approve more than one at once,” the ARK Investment Management CEO and CIO told Bloomberg TV Monday.

ARK Investment CEO and CIO Cathie Wood says if the Securities and Exchange Commission is going to approve a spot Bitcoin ETF, it will approve more than one at the same time. She is on “Bloomberg ETF IQ.”

Source: Bloomberg

In June, ARK said it was first in line to get potential approval for a spot-Bitcoin exchange-traded fund, due to the early timing of the investment firm’s application with the ...