Cathie Wood predicts that ARK Invest's proposed spot bitcoin ETF will face another delay. Wood emphasizes the importance of marketing and communication in the success of such ETFs.
Cathie Wood said Monday that she’s expecting another delay for ARK Invest’s proposed spot bitcoin ETF.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Cathie Wood said Monday that she's expecting another delay for ARK Invest's proposed spot bitcoin ETF, with the U.S. Securities and Exchange Commission coming to the end of a review period for the fund next week.Monday when asked about a possible delay.
The regulator is currently reviewing applications for eight separate funds, having acknowledged most of the recent wave from asset managers including BlackRock, Fidelity, VanEck and Invesco last month. The ARK 21Shares Bitcoin ETF was ahead of the pack and currently has the next looming decision deadline, which the SEC can extend further.for many of the funds this week in a process that's drawn input from a former cricket player, a city planner, a mechanic and a physicist.
Grayscale, which had its proposal to convert its flagship GBTC fund into a spot bitcoin ETF rejected by the SEC, has also"Most of these, essentially, will be the same, and it will come down to marketing, communicating the message," Wood said. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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