Cathie Wood’s forecasting of spot Bitcoin ETFs
Cathie Duddy Wood is well known in both the mainstream financial and crypto environments.
She is the founder, CEO, and CIO of investment firm ARK Invest and is well known for her performance, especially in the tech sector.
During an interview with Bloomberg yesterday, Cathie Wood said that, if approved, she is forecasting that spot Bitcoin ETFs could be approved all together.
For several years now, there have been ETFs that allow people to take a position on the price of Bitcoin using the normal platforms of traditional exchanges.
BlackRock is the world’s largest asset manager, and it recently filed an application with the SEC to issue an ETF on spot Bitcoin.
As soon as news broke of BlackRock’s application, many other ETF issuers in the US filed additional similar applications.