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Crypto News: Cathie Wood, the favored investor and the founding father of ARK Invest, on Monday mentioned she doesn’t anticipate the U.S. Securities and Exchange Commission (SEC) to ship a call on the corporate’s spot Bitcoin ETF submitting inside the subsequent deadline, which falls on Sunday, August 13, 2023. However, she doesn’t imagine the company would view the ETF filings individually. In the current months, the crypto market was largely pushed in direction of the bullish path due to the information across the spot ETF filings from the likes of Blackrock, Valkyrie, Wisdom Tree and Fidelity.

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Earlier, CoinGape reported the upcoming necessary dates across the spot ETF filings. In the primary week of September 2023, a number of ETF associated deadlines are lined up for the US SEC, together with across the Blackrock submitting.

Cathie Wood: All Bitcoin ETF Approvals At Once?

Speaking to Bloomberg on Monday, Cathie Wood predicted that the federal regulatory company could doubtless take a call on the spot Bitcoin ETFs all of sudden. When requested about whether or not the Ark Invest ETF submitting will get the primary mover benefit over the Blackrock utility, Wood mentioned the US SEC could doubtless have a look at many purposes without delay.

“The August 13 (deadline) will come and go. I think the SEC, if it is going to approve a Bitcoin ETF, will approve more than one at once. Most of these (ETF filings), essentially will be the same, and it will come down to marketing, and communicating the message.”

The approval of a Bitcoin ETF may doubtless imply a drastic change in public notion concerning the crypto ecosystem, with the ETFs making it simpler to realize publicity to Bitcoin.

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Anvesh stories main crypto updates round regulation, lawsuits and buying and selling tendencies. Published round 1,000 articles and relying on crypto and net 3.0. He is presently primarily based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com/BitcoinReddy

The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.