There’s a 90% chance Bitcoin will Explode by January 10th, 2024. Why?That’s the final deadline for ARK Invests spot Bitcoin ETF application, who are first in line.
Another sign that the ETF is closer than ever is recent communication between fund managers and the SEC.
In the past, the SEC has outright denied applications.
However, recently the SEC has been in contact with ARK Invest resulting in an update to their application.
These updates signals constructive conversations with the SEC. This typically happens when a fund is on its way to being approved.
Commenting on this in her most recent interview was ARK Invest CEO, Cathie Wood:
She disclosed that they were approached by the SEC and subsequently made updates to their application.
Cathie Wood also claimed hopes are rising at a number of ETF’s will be approved at the same time.
Reading between the lines, Cathie seems very optimistic at approval in the short term.
Keep in mind, January 10th is merely a deadline.
The ETF approval news could drop at any moment… 💣
Make sure to stick around to the end of the video where Cathie breaks down the next big technological breakthrough - Artificial intelligence.
About Cathie Wood:
Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world's largest actively traded ETF that focuses on disruptive technologies.
