Ark Invest CEO Cathie Wood recently stated in an interview that she is optimistic about the U.S. SEC’s approval of a spot Bitcoin ETF. She called the signs of approval of a spot Bitcoin ETF in January 2024 “very encouraging,” citing the SEC’s increased awareness and depth of understanding of related issues.
Additionally, Wood highlighted the importance of ETFs in stimulating institutional interest in the cryptocurrency space. Once institutions and investors gain a foothold, they will look for ways to diversify their portfolios. (Cryptonews)