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Ark Investment Management CEO: Bitcoin ETF Approval Unlikely Until Cryptocurrency’s Market Cap Rises to About $2 Trillion
Summary: Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will approve a bitcoin exchange-traded fund(ETF) before the original cryptocurrency’s market cap hits $2 trillion. “The flood of demand has to be satisfied so it’s going to have to get well over a trillion dollars – $2 trillion I think” ,she said. Wood was ...
Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will approve a bitcoin exchange-traded fund(ETF) before the original cryptocurrency’s market cap hits $2 trillion.
“The flood of demand has to be satisfied so it’s going to have to get well over a trillion dollars – $2 trillion I think” ,she said.
Wood was bullish on bitcoin’s prospects under Gary Gensler, the former CFTC commissioner and MIT digital currency professor who has been nominated to lead the SEC by President Joe Biden. Wood called Gensler “very pro bitcoin”
By Amy Liu
Tags: Bitcoin ETF,Cathie Wood,Cryptocurrency,Market Cap
Link: Ark Investment Management CEO: Bitcoin ETF Approval Unlikely Until Cryptocurrency’s Market Cap Rises to About $2 Trillion [Copy]
