Both Wood and Novogratz are optimistic about the approval of a Bitcoin ETF

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Cathie Wood, the CEO of Ark Invest, believes that if the SEC decides to approve a Bitcoin ETF, they might approve multiple funds simultaneously. She expressed this viewpoint during an appearance on Bloomberg TV.

Mike Novogratz, the CEO of Galaxy Digital, also shared his positive outlook during his company’s earnings conference call. He mentioned that his sources at BlackRock and Invesco indicate that the approval of a spot Bitcoin ETF is likely within the next four to six months.

ETF Newz Says:

While previous attempts to introduce Bitcoin ETFs have been denied by the Securities and Exchange Commission (SEC), the involvement of industry giants like BlackRock has increased investor optimism this time around. The SEC has already approved ETFs linked to Bitcoin futures.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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