ARK Invest CEO Cathie Wood anticipates that there may be investors who choose to “sell on the news” following the approval of a spot Bitcoin ETF in the near future. However, she remains optimistic about the long-term outlook for this development. While there may be some short-term selling pressure, Wood believes that the overall perspective for the Bitcoin ETF is promising. This suggests that despite potential initial market reactions, the long-term potential of a spot Bitcoin ETF is encouraging.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinARK's Cathie Wood predicts short-term impact of spot Bitcoin ETF to be...