ARK Invest CEO Cathie Wood believes that the U.S. Securities and Exchange Commission (SEC) is showing a change in attitude towards the firm’s application for a Bitcoin exchange-traded fund (ETF). Wood states that there has been a positive exchange of information between the SEC and ARK Invest’s ETF partner, 21Shares. The SEC has requested information from the partners, and they have provided detailed answers. Wood sees this as progress and believes that the SEC’s behavior is shifting. The final decision regarding the application status of ARK 21 Shares Bitcoin ETF is expected on January 10th, earlier than the deadline for other BTC ETFs. Wood also suggests that once the SEC approves a Bitcoin ETF, institutional interest in Bitcoin will increase significantly. She believes that the SEC’s seal of approval will bring credibility to the asset class and attract institutional investors. Wood reiterates ARK Invest’s price target for Bitcoin, projecting it to reach over $600,000 by 2030.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries
Sentiment	neutral
Relevance Score	1
People	Cathie Wood
Companies	U.S. Securities and Exchange Commission (SEC), Bitcoin ETF, SEC seal of approval, ARK Invest, 21Shares
Currencies	Bitcoin
Securities	None