Bitcoin ETF Early Approval? w/ Mark Moss
This week, ARK Invest and its founder Cathie Wood submitted an updated proposal for a Bitcoin spot ETF to the Securities Exchange Commission. This revision comes after previous failed attempts to get SEC approval for the highly anticipated financial product.
According to a Bloomberg analyst, ARK's willingness to rework and resubmit its application signals the asset manager believes prospects for approval have improved. The SEC continues to move slowly on Bitcoin ETFs amid ongoing concerns around manipulation, liquidity and custody of underlying assets.
While ARK's persistence is initially surprising given the SEC's hesitance so far, it is ultimately viewed as a positive sign. By addressing the regulator's apprehensions directly, ARK shows its dedication to satisfying all requirements to successfully launch a spot Bitcoin fund to its client base.
As crypto adoption accelerates, a spot Bitcoin ETF would allow mainstream investors easy access while sparking huge inflows. The SEC recognizes this and likely wants to ensure market stability and investor protection. ARK's revision keeps hopes alive for finally overcoming regulatory hurdles in 2023. Though speculative, the mounting pressure makes SEC approval chances appear higher than ever before.
Guest: Mark Moss, Investor/Strategist/Marketer Mark Moss website ➜ http://bit.ly/markmosssite Mark Moss Youtube channel ➜ http://bit.ly/MarkMyoutube
Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircle
Market Sentiment Index ➜ https://bit.ly/MarketSentimentIndex
Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe
Facebook 📱 https://bit.ly/PBNfacebook
X/Twitter 📱 http://bit.ly/PBNtwitter
Looking for the best tax havens for Crypto? Free Month with iTrust Capital - Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON