US SEC May Approve Many Bitcoin ETFs At Once

Crypto News: Cathie Wood, the popular investor and the founder of ARK Invest, on Monday said she does not expect the U.S. Securities and Exchange Commission (SEC) to deliver a decision on the company’s spot Bitcoin ETF filing within the next deadline, which falls on Sunday, August 13, 2023. However, she does not believe the agency would view the ETF filings individually. In the recent months, the crypto market was largely driven towards the bullish path thanks to the news around the spot ETF filings from the likes of Blackrock, Valkyrie, Wisdom Tree and Fidelity.

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Earlier, CoinGape reported the upcoming important dates around the spot ETF filings. In the first week of September 2023, several ETF related deadlines are lined up for the US SEC, including around the Blackrock filing.

Cathie Wood: All Bitcoin ETF Approvals At Once?

Speaking to Bloomberg on Monday, Cathie Wood predicted that the federal regulatory agency may likely take a decision on the spot Bitcoin ETFs all at once. When asked about whether the Ark Invest ETF filing will get the first mover advantage over the Blackrock application, Wood said the US SEC may likely look at many applications at once.

“The August 13 (deadline) will come and go. I think the SEC, if it is going to approve a Bitcoin ETF, will approve more than one at once. Most of these (ETF filings), essentially will be the same, and it will come down to marketing, and communicating the message.”

The approval of a Bitcoin ETF could likely mean a drastic change in public perception about the crypto ecosystem, with the ETFs making it easier to gain exposure to Bitcoin.

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com/BitcoinReddy

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