Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO
"I think the probability of an ETF has gone up," said Cathie Wood Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration.In an interview with CNBC’s Bob Pisani today, Wood said there were two signs that the Securities and Exchange Commission might be more open to greenlighting a Bitcoin (BTC) exchange-traded fund, or ETF. Under previous administrations, the regulatory body did not approve any Bitcoin ETFs, to the industry's chagrin.Specifically, the Ark Invest CEO....
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Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s Ark Invest Jumps on the Bitcoin ETF Bandwagon Ark Invest, the famous asset management firm, filed for approval to launch a Bitcoin ETF yesterday. The firm, founded and managed by Cathie Wood, will partner with 21Shares, a firm with experience in....
Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color "remain in the waiting room," according to Stephen Lynch. According to some United States lawmakers in the House Financial Services Committee, the lack of diversity in the financial technology space could be hurting many companies’ bottom lines.In a Thursday virtual hearing on “Combatting Tech Bro Culture,” U.S. lawmakers and witnesses discussed how women and people of color were underrepresented in leadership positions in the financial technology industry, including....
Matt Thalman, a blogger for ino.com, a market trader website, does not intend to invest in bitcoin if a bitcoin ETF is approved in the near future, according to a recent blog post. He views bitcoin as still too new to invest in. The Securities and Exchange Commission is soon expected to decide of the Winklevoss ETF, the first bitcoin ETF to file for approval in 2013. Since then, SolidX and Grayscale Investments have applied for bitcoin ETFs. ETF Could Boost Bitcoin. Thalman acknowledges that experts believe the bitcoin ecosystem could draw as much as $300 million in its first week....
Just in this morning, theGlobal Leadership Institute has taken the step to accept Bitcoin as a form of payment for educational products and services. With the mission to, "facilitate leadership conferences and workshops that enable committed executives to more effectively lead their companies and organizations," the GLI is moving forward and providing more opportunity to scholars and partners through opening the door to Bitcoin. The Global Leadership Institute Issued the following press release: Global Leadership Institute To Accept Bitcoin. Global Leadership Institute (OTC: CEHC) today....
Simply by understanding bitcoin, Bitcoiners adopt a leadership role in which they have the potential to help others find the financial lifeboat.