{"id":175533,"date":"2023-10-17T06:08:51","date_gmt":"2023-10-17T00:38:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175533"},"modified":"2023-10-17T06:08:51","modified_gmt":"2023-10-17T00:38:51","slug":"cathie-wood-says-hopes-are-rising-for-spot-bitcoin-etf-larry-fink-addresses-role-of-crypto-in-restless-markets-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cathie-wood-says-hopes-are-rising-for-spot-bitcoin-etf-larry-fink-addresses-role-of-crypto-in-restless-markets-crypto-news\/","title":{"rendered":"Cathie Wood says \u2018hopes are rising\u2019 for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets – Crypto News"},"content":{"rendered":"

Cathie Wood<\/a>, the CEO and CIO of ARK Invest<\/a>, commented on pending spot Bitcoin ETF applications during a CNBC interview on Oct. 16<\/a>.<\/p>\n

As ARK Invest is one of several asset managers pursuing a spot Bitcoin<\/a> ETF, Wood began by describing the current state of her company\u2019s application, stating:<\/p>\n

\n

\u201cIt was publicized and disclosed last week that we had responded to the SEC\u2019s request for information around our Bitcoin filing, and we responded. That\u2019s basically all we can say.\u201d<\/p>\n<\/blockquote>\n

The U.S. Securities and Exchange Commission (SEC) published initial requests for comments on select spot Bitcoin ETF applications in late September<\/a>. Though ARK Invest was not one of the firms that initially received a request from the agency, it nevertheless responded by updating its application on Oct. 11<\/a>.<\/p>\n

During the current interview, Wood suggested that the SEC\u2019s questions indicate that the agency\u2019s stance toward spot Bitcoin ETFs is changing. She added that the SEC\u2019s decision to seek information could signify that \u201chopes are rising\u201d for spot Bitcoin ETFs.<\/p>\n

When the interviewer suggested that many commentators believe a spot Bitcoin ETF could be approved by the end of the year, Wood suggested that this could be due to ARK\u2019s own approval deadline. The SEC must reach a decision on ARK\u2019s proposal by Jan. 10, 2024. Though ARK\u2019s application is first in line, Wood noted that multiple ETFs could be approved at once \u2014 echoing one of her earlier statements<\/a> from August.<\/p>\n

BlackRock CEO didn\u2019t hear approval rumor<\/h2>\n

Wood\u2019s comments followed a few hours of frantic trading<\/a> after rumors circulated on social media that the SEC had approved BlackRock\u2019s spot Bitcoin ETF application; those rumors, however, were unfounded.<\/p>\n

BlackRock CEO Larry Fink appeared later in the day on Fox Business, saying in an interview that he had \u201conly heard [about] it an hour ago,\u201d implying that he was unfamiliar with the rumor. In the same interview, however, he expressed the view that today\u2019s rally was likely primed by markets\u2019 growing interest in a \u201cflight to quality\u201d among growing geopolitical tensions connected to Hamas\u2019 war against Israel.<\/p>\n

Crypto, Fink said, alongside Treasuries and gold, may appeal to investors as for this reason.<\/p>\n

The SEC has not issued any updates on spot Bitcoin ETF approvals, and individual members of the SEC have not commented on the BlackRock approval rumor.<\/p>\n

The post Cathie Wood says \u2018hopes are rising\u2019 for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cathie Wood, the CEO and CIO of ARK Invest, commented on pending spot Bitcoin ETF applications during a CNBC interview on Oct. 16. As ARK Invest is one of several asset managers pursuing a spot Bitcoin ETF, Wood began by describing the current state of her company\u2019s application, stating: \u201cIt was publicized and disclosed last […]<\/p>\n","protected":false},"author":2,"featured_media":175534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-175533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175533"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175533\/revisions"}],"predecessor-version":[{"id":175535,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175533\/revisions\/175535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175534"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}