ARK and Wisdomtree lead the race for Bitcoin ETF approval amidst regulatory challenges.
TL;DR Summary
ARK Investment Management, founded by Cathie Wood, is reportedly ahead of BlackRock in the race for a spot Bitcoin ETF in the US. ARK and 21Shares filed an application with the SEC for a spot Bitcoin ETF in April, and their next decision date is Aug. 13, 2023, ahead of BlackRock's. However, experts believe that the SEC is unlikely to approve a spot Bitcoin ETF in 2023, as it hasn't progressed much since the Winklevoss twins filed for one in 2017.
Topics:business#ark-investment-management#bitcoin-etf#blackrock#cryptocurrency#cryptocurrency-markets#sec
- Cathie Wood’s ARK reportedly ‘first in line’ for a spot Bitcoin ETF Cointelegraph
- Data sharing agreements for crypto ETF's will make the SEC more comfortable: Wisdomtree's Schwartz CNBC Television
- Cathie Wood's ARK Says It's First In Line for Spot-Bitcoin ETF Bloomberg
- Bitcoin fervor over BlackRock's ETF faces chill of rate hikes and regulations Yahoo Finance
- Cryptoverse: Bitcoin bounces on BlackRock buzz ZAWYA
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
85%
530 → 81 words
Want the full story? Read the original article
Read on Cointelegraph