ARK Make investments CEO Cathie Wooden says that the chances of a January 2024 approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) within the US are going up.
In a brand new interview on Bloomberg Tv, Wooden says that engagement between ARK Make investments and the U.S. Securities and Trade Fee (SEC) over its ETF utility is making her consider an approval is extra possible than ever earlier than.
“Nicely, we expect the chances have gone up, as a result of the SEC has been extremely engaged in comparison with what was taking place earlier than. Earlier than, it was simply denying approval, denying approval. And we simply saved placing our submitting in once more, you recognize, strive, strive, strive, dogged and decided. And so we expect we’re first in line and that’s why there may be this January tenth deadline.
However we like the concept that the SEC has been so engaged, and it’s not simply with us, it’s others as properly. We predict various funds could possibly be permitted on the similar time. And so they’ve been asking not just one set of questions, however observe up questions. Once more, that’s an excellent signal.”
Nonetheless, Wooden warns that there nonetheless stays some danger that the SEC doesn’t approve the spot Bitcoin ETFs by January tenth, as many anticipate.
“The previous few questions have been very technical and extra de rigueur and also you’d anticipate them to be asking these questions as we head towards an approval. Now, it’s not 100% sure. So we need to make that clear as properly. That is the SEC, and we by no means know what would possibly occur alongside the way in which.”
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