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In a strategic move towards embracing the evolving landscape of digital assets, BlackRock, the world’s largest asset manager, has taken a significant step by revealing its selected authorized participants (APs) for the anticipated spot Bitcoin exchange-traded fund (ETF). This disclosure marks a pivotal moment as it sets the stage for potential regulatory approval from the…
Cathie Wood, the CEO of ARK Invest, renowned for her technology investments and numerous ETFs, asserts that the U.S. Securities and Exchange Commission (SEC) has altered its approach to Bitcoin spot ETFs. She anticipates that several fund applications will “most likely” be approved simultaneously, including theirs. A New Outlook on Bitcoin Spot ETFs Cathie Wood,…