{"id":176559,"date":"2023-10-18T17:35:07","date_gmt":"2023-10-18T12:05:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176559"},"modified":"2023-10-18T17:35:07","modified_gmt":"2023-10-18T12:05:07","slug":"ark-invests-spot-bitcoin-etf-application-seeing-progress-as-sec-shows-change-in-behavior-says-ceo-cathie-wood-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ark-invests-spot-bitcoin-etf-application-seeing-progress-as-sec-shows-change-in-behavior-says-ceo-cathie-wood-crypto-news\/","title":{"rendered":"ARK Invest\u2019s Spot Bitcoin ETF Application Seeing Progress As SEC Shows Change in Behavior, Says CEO Cathie Wood &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>ARK Invest CEO Cathie Wood says that the U.S. Securities and Exchange Commission (SEC) is starting to show a change in attitude toward the firm\u2019s application for a spot market Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) exchange-traded fund (ETF).<\/p>\n<p>In a new CNBC interview, Wood says that there\u2019s been a healthy exchange of information between the SEC and ARK Invest\u2019s BTC ETF partner 21Shares.<\/p>\n<p><em>\u201cOur partner 21Shares in Europe did answer or send information in response to the SEC questions\u2026 and what we see here is a little bit of a change in the SEC\u2019s behavior.<\/em><\/p>\n<p><em>They actually are asking questions and we provided five pages along with our partner of answers to those questions. So progress we would say.\u201d<\/em><\/p>\n<p>The SEC has to make its final <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/2023\/10\/14\/potential-spot-bitcoin-etf-greenlight-has-already-been-partially-priced-in-says-top-coinbase-researcher\/\">decision<\/a> regarding the application status of ARK 21 Shares Bitcoin ETF on January 10th, about three months earlier than the final deadline for other spot market BTC ETFs.<\/p>\n<p>Wood also says that institutional floodgates will open up once the SEC greenlights a Bitcoin ETF.<\/p>\n<p><em>\u201cI think many people focus on our price target for Bitcoin and our base case is over $600,000 by the year 2030, and they really want to understand that. Maybe they\u2019re just trying to understand our research, but there\u2019s definitely a focus on whether this is a new asset class that I should investigate.\u00a0<\/em><\/p>\n<p><em>And I would say institutions, especially, when they see the SEC seal of approval this way, I think this will finally bring institutional interest into Bitcoin.\u201d\u00a0<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"Cathie Wood on &quot;spot bitcoin&quot; approval\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/OivKiqcVpp8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: DALLE-3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest CEO Cathie Wood says that the U.S. Securities and Exchange Commission (SEC) is starting to show a change in attitude toward the firm\u2019s application for a spot market Bitcoin (BTC) exchange-traded fund (ETF). In a new CNBC interview, Wood says that there\u2019s been a healthy exchange of information between the SEC and ARK [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":176560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-176559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176559","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=176559"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176559\/revisions"}],"predecessor-version":[{"id":176562,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176559\/revisions\/176562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176560"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}