Cathie Wood: There are signs that Bitcoin spot ETF will be approved in January 2024
Cathie Wood, CEO of Ark Invest, said in a recent CNBC interview that there are signs that a Bitcoin spot ETF will be approved in January 2024, which is "very encouraging" and the US Securities and Exchange Commission (SEC) will deepen its understanding of related issues.
Wood is working with 21Shares to develop Ethereum and Bitcoin futures ETF products, emphasizing the importance of BTC spot ETF in stimulating institutional interest in the cryptocurrency field. Once institutions and investors establish a foothold, they will seek ways to diversify their investment portfolios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump pushes coal-powered AI, putting pressure on tech giants
Share link:In this post: Trump plans to have tech firms use coal to power their AI data centres and even signed an executive order in April to push the agenda. Some tech industry leaders have recognised the need for fossil fuels to meet their companies’ electricity demands. Trump and the UAE agreed to build a new data center of about 5GW in capacity.
Dogecoin Price Prediction: DOGE Price at BUY ZONE?
Bitcoin Price Rally Pauses at $103K as Trump Issues New Updates on Russia War and Rate Cuts
Ripple (XRP) Price Analysis: Bear Traders Seize Control as Open Interest Falls Below $5.5B
Trending news
MoreCrypto prices
More
