Cathie Wood, the CEO of ARK Invest, anticipates that certain investors may choose to “sell on the news” of the imminent approval of a spot Bitcoin ETF in the near future. However, she remains optimistic about the long-term outlook. Despite the potential short-term selling pressure, Wood believes that the overall perspective for the spot Bitcoin ETF is promising. The approval of such an ETF could have significant implications for the cryptocurrency market, providing investors with a regulated and accessible avenue to invest in Bitcoin. While short-term volatility may occur as a result, Wood believes that the long-term potential of a spot Bitcoin ETF is bright.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinARK's Cathie Wood anticipates short-term impact of spot Bitcoin ETF as a...