Ahead of 10 January, Cathie Wood speaks out: Strong signs of approval

While the crypto world is eagerly awaiting whether the SEC will accept Bitcoin spot ETFs in the new year, an important assessment came from Cathie Wood on the subject.

"Most likely confirmation will come"

Wood, who participated in CNBC's "Crypto World" program, stated that there are strong signs that the SEC will approve ETF requests. Stating that the institution's perspective on cryptocurrencies has changed, and at the same time, the depth of knowledge has increased, Wood said:

"They've changed the way they look at problems. Their knowledge is now deeper... There are strong indications that spot Bitcoin ETFs will be accepted in January. I think there will probably be an approval on January 10th. We monitor the work. Our partner company, 21Shares, is dedicated to this field and is the best in the world."

Wood also stated that after the adoption of spot ETFs, institutions and other investors will come to this space and said, "Then there will be a desire to diversify investments even more. We wanted to be ready for this situation, that is, for the portfolio diversification strategies of the companies."

Published: December 27, 2023 09:49

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