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ARK’s Cathie Wood: ‘Odds are going up’ for spot bitcoin ETF approval

The SEC has yet to approve a string of spot bitcoin applications that it has received from asset managers, including BlackRock, Invesco, Fidelity and VanEck

ARK has partnered with 21Shares in the US, and is hoping to get approval to launch a spot bitcoin ETF
ARK has partnered with 21Shares in the US, and is hoping to get approval to launch a spot bitcoin ETF Photo: AFP/Getty Images

Cathie Wood, whose US-based ARK Invest last month announced its entry into Europe, said “the odds are going up” that the Securities and Exchange Commission will approve her firm’s application for a spot bitcoin exchange traded fund.

ARK Invest, which last month announced it had acquired UK-based Rize ETF to assist its push into Europe, filed an application with US regulators in April to launch a spot bitcoin ETF with Switzerland-based 21Shares.

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