ARK Invest founder and CEO Cathie Wood says that the odds are now better that the U.S. Securities and Exchange Commission (SEC) will approve a spot market Bitcoin (BTC) exchange-traded fund (ETF).
In a new Yahoo Finance interview, Wood says that the SEC is, for the first time, starting to engage with spot Bitcoin ETF applicants. Wood has submitted an application in partnership with 21Shares.
“Well, something has changed. So we had put in a number of times a filing and we were just denied, never got any questions really, never got any response. This time, this summer, we got questions back from the SEC. Now normally when you get questions from the SEC, you’re just saying, Oh my goodness. We were thrilled to get