As the January 10 deadline for the SEC to decide on a spot Bitcoin (BTC-USD) ETF approaches, investors are watching closely for any new details on how it will affect the market. Yahoo Finance’s Julie Hyman sat down with ARK Invest Founder, CEO, and CIO Cathie Wood to discuss her stance on bitcoin, the crypto market, and digital assets in general. During the interview, Woods enthusiastically elaborated on her interactions with the SEC: “We were thrilled to get questions back [from the SEC] because it means they’re engaged now. We have met a number of the research people at the SEC… they know what they’re talking about and the level of sophistication of their questions suggested okay now they’re moving deeply into this.”
More questions are arising on what the SEC’s decision could mean for markets and investors if regulators convey positive sentiment. Lance McGray, Advisors Asset Management Head of ETF Product, joins Yahoo Finance to give insights on the impacts of the SEC decision and how successful these ETFs could be.
McGray explains how successful ETFs have already been just in the last year: “We’ve seen in the last year or so about 50 conversions come to market and about $75 billion dollars of assets that have come over from other wrappers, specifically the mutual fund wrapper into what is perceived to be a more cash efficient, more flexible, a more transparent wrapper, the ETF wrapper.
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viva ~~~ bitcoin to the moon
Solana to mars 🚀🚀🚀
Solana 🚀
Her investments have failed.
I wont hold my breath in the revival of ARKK 😂
How to lose money
Check out ark etf
Throwing darts would do better