ARK Investment CEO Cathie Wood argued that her company would be the first to approve a Spot BTC ETF if it gets the green light from the SEC, according to Bloomberg. report
Wood said the agency could take until mid-January for Ark Invest and even March for Black Rock’s spot BTC ETF application to approve or reject it.
Ark Invest filed a Bitcoin ETF application with investment firm 21Shares in April. It filed an amendment on June 28 to increase its surveillance measures, with Ark Invest likely having Coinbase as its surveillance partner.
Other notable company names include Invesco, WisdomTree, Valkyrie Investments and VanEck.
“21Shares, ARK and Cboe are in first place. As the next SEC decision date is 8/13/23 and we do not yet have a date for other 19b-4 applications as well as applications from BlackRock,” ETF analysts said. of Bloomberg Intelligence said
And considering all these factors, BlackRock has no advantage over Ark Invest, says Ark Invest CEO.
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