A month ago, Cathie Wood said that the SEC declining ARK Invest Spot Bitcoin ETF 'makes no sense.'
Cathie Wood’s ARK Invest Files for Another Bitcoin Spot ETFA month ago, Cathie Wood said that the SEC declining ARK Invest Spot Bitcoin ETF “makes no sense.”
The main objective of the spot ETF – ARK 21Shares Bitcoin ETF – is to track the performance of Bitcoin as measured by the S&P Bitcoin Index. The applications stated, Despite several physical Bitcoin ETF filings, the SEC is yet to approve even a single one that gives exposure to the price of the cryptocurrency in the spot markets.
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