Bitget App
Trade smarter
Cathie Wood: There are signs indicating that the Bitcoin spot ETF will be approved in January 2024
Bitget2023/12/27 04:47
In a recent interview with CNBC, Ark Invest CEO Cathie Wood stated that there are signs indicating that the Bitcoin spot ETF will be approved in January 2024, which is "very encouraging". The understanding and depth of knowledge on related issues by the U.S. Securities and Exchange Commission (SEC) has improved.
Wood is working with 21Shares to develop
Ethereum and
Bitcoin futures ETF products. She emphasized the importance of BTC spot ETFs in stimulating institutional interest in the
cryptocurrency field. Once institutions and investors gain a foothold, they will seek ways to diversify their portfolios.
Wood also asserted that Bitcoin can hedge against inflation and deflation, foreseeing that Bitcoin will be considered an investment equivalent to physical gold in the future. In addition, she mentioned El Salvador's and Argentina's support for Bitcoin and crypto assets, suggesting more emerging economies could adopt Bitcoin as legal tender.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
EU Commission advisors expected to submit RWA tokenization proposal in December
Chaincatcher•2025/09/02 09:47
Glassnode: The current Bitcoin market structure remains fragile, and market sentiment is still defensive.
Chaincatcher•2025/09/02 09:28
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$110,331.33
+0.65%
Ethereum
ETH
$4,395.99
-1.23%
Tether USDt
USDT
$1
+0.02%
XRP
XRP
$2.81
-0.15%
BNB
BNB
$853.65
-0.84%
Solana
SOL
$203.92
+1.15%
USDC
USDC
$0.9999
+0.00%
Dogecoin
DOGE
$0.2132
-2.25%
TRON
TRX
$0.3395
-0.42%
Cardano
ADA
$0.8212
-1.82%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now