Cryptocurrencies

Cathie Wood Says SEC Will Approve Multiple Bitcoin ETFs at Once

ARK previously said it was first in line for spot-Bitcoin ETF
US SEC has denied applications for similar ETFs for years

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

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Emily Graffeo and Katie Greifeld

August 7, 2023 at 6:19 PM UTC

This article is for subscribers only.

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.