Bitcoin ETF

Bitcoin

In a recent interview, Cathie Wood, the CEO of Ark Invest, expressed her views on the possibility of a spot Bitcoin ETF.  
Wood highlighted a notable shift in the SEC's approach, indicating a more detailed and engaged review of ETF filings, which she sees as a positive sign of serious consideration.  
Wood cautiously expressed optimism, suggesting that the chances of approval for a Bitcoin ETF have increased. She pointed out the SEC's new strategy of potentially approving multiple ETFs simultaneously, a shift from their previous one-at-a-time approach.  
However, this could add complexity to the process, especially given Grayscale's plans to convert its Bitcoin trust into an ETF.  
The situation with Grayscale presents a challenging scenario. Wood explained that if Grayscale decides to sue the SEC for refusing to authorize the conversion of its Bitcoin trust into an ETF, it could introduce uncertainties and potentially delay the approval timeline for all Bitcoin ETFs.  
Wood speculated about SEC Chair Gary Gensler's potential focus on the U.S. dollar and suggested that discussions about Gensler aiming for the Treasury secretary position might be impacting his priorities. This, in turn, could contribute to delays in the clearance of Bitcoin ETFs. 
The post <a href="https://optimisus.com/market/market-news/cathie-wood-says-grayscale-conversion-plans-could-delay-etfs-approval/" rel="noopener noreferrer nofollow">Cathie Wood Says Grayscale Conversion Plans Could Delay ETFs Approval</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Cathie Wood Says Grayscale Conversion Plans Could Delay ETFs Approval

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