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The SEC has yet to approve a string of spot bitcoin applications from asset managers, including BlackRock, Invesco, Fidelity and VanEck

Asset Management Correspondent

Cathie Wood, whose US-based ARK Invest last month announced its entry into Europe, said “the odds are going up” that the Securities and Exchange Commission will approve her firm’s application for a spot bitcoin exchange traded fund.

ARK Invest, which last month announced it had acquired UK-based Rize ETF to assist its push into Europe, filed an application with US regulators in April to launch a spot bitcoin ETF with Switzerland-based 21Shares.

ARK’s Cathie Wood: ‘Odds are going up’ for spot bitcoin ETF approval

The SEC has yet to approve a string of spot bitcoin applications that it has received from asset managers, including BlackRock, Invesco, Fidelity and VanEck

David Ricketts

BlackRock

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