Cathie Wood: Multiple Bitcoin spot ETFs may be approved by the end of this year or early next year

ChainCatcher news, Ark Invest CEO Cathie Wood stated in an interview with CNBC that she believes the likelihood of the U.S. SEC approving a Bitcoin spot ETF is increasing. The fact that the SEC chose to raise questions rather than reject the relevant application documents indicates its willingness to continue pursuing this matter.

Wood predicts that multiple Bitcoin ETFs may be approved by the end of 2023 or early 2024, adding that the SEC needs to make a decision on ARK's application by January 10, 2024. Wood anticipates that Ark Invest is likely to be among the first to be approved, and that "multiple (companies') Bitcoin ETFs may be approved simultaneously."