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Cathie Wooden: US SEC may approve all spot Bitcoin ETF – CryptoShrypto Get hold of US

The well-known investor and founding father of ARK Make investments, Cathie Wooden, said on August 7 that she doesn’t anticipate the U.S. Securities and Trade Fee (SEC) to make a ruling concerning the agency’s spot Bitcoin ETF submitting earlier than the deadline, which is Sunday, August 13, 2023. 

Nonetheless, she additionally doesn’t assume that the federal government would think about every ETF petition individually.

The headlines across the spot ETF registrations from firms like Blackrock, Valkyrie, Knowledge Tree and Constancy in current months performed a big position in pushing the cryptocurrency market in a bullish course.

There are various ETF-related deadlines scheduled for the US SEC within the first week of September 2023, together with these surrounding the Blackrock submitting.

Cathie Wooden anticipated that the federal regulatory physique would determine on the spot Bitcoin exchange-traded funds (ETFs) . 

In response to the query of whether or not the Ark Make investments ETF submitting will likely be given precedence over the Blackrock utility, Wooden stated it’s probably that the US SEC will overview a number of functions concurrently.

“The deadline of August 13 will come and go. If the SEC is planning to approve a Bitcoin ETF, I consider it’s going to do it concurrently with a number of others. The vast majority of these (ETF filings) are going to be similar, thus advertising and message distribution will likely be key.”

The general public’s opinion of the cryptocurrency ecosystem might drastically change if a Bitcoin ETF is permitted as a result of it’s going to enable the buyers to take a position straight into the Bitcoin through ETFs.

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