ARK Invest CEO Cathie Wood told CNBC that ARK Invest’s partner 21Shares was working with the U.S. Securities and Exchange Commission (SEC) on the firm’s application to launch a Bitcoin spot exchange-traded fund (ETF).
Cathie Wood said that the SEC changed its behavior towards Ark Invest’s spot Bitcoin ETF application during their communications. The regulators asked questions, and Ark Invest and 21Shares responded with information.
“They actually are asking questions and we provided five pages along with our partner of answers to those questions. So progress we would say,” said Wood.
More Bitcoin ETFs Are Coming
In response to the interview question about whether Bitcoin spot ETF is actually appealing, ARK Invest’s founder acknowledged that while many people are interested in her price target for Bitcoin and want to understand her research, “there’s definitely a focus on whether this is a new asset class” that they…
