Amid rumors that the SEC is likely to approve a spot Bitcoin ETF, the SEC's decision on the ETF application of Ark Invest, the company of famous Bitcoin investor Cathie Wood, was awaited these days.
At this point, Cathie Wood told Bloomberg that she expects a delay from the SEC regarding her applications, but that the SEC will eventually approve several applications at once.
There was a delay in the filing of Ark Invest from the SEC. And asked for comment on Ark Invest's application.
Although there was no direct confirmation news from the SEC, Bitcoin reacted positively to this news.
Because the application was not rejected directly, but postponed to a later date and a request for further comment on the decision was perceived as positive.
*Not investment advice.
