Cathie Wood: Does not believe BlackRock has an advantage over ARK Invest in Bitcoin spot ETF applications
ChainCatcher news, Ark Invest CEO Cathie Wood stated in an interview with Fortune magazine that she does not believe BlackRock has an advantage over ARK Invest in the Bitcoin spot ETF application.
Cathie Wood said, "We don't think that's true. We know that their application has a supervision sharing clause, while ours does not, but as far as I know, modifying our application won't take too much time, and all institutional applications are moving in that direction."
She also mentioned that if the U.S. SEC loses the "Grayscale vs. SEC" case, the chances of the Bitcoin spot ETF being approved would increase. (source link)
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