Cathie Wood: BlackRock Has no Advantage Over ARK Invest in Bitcoin Spot ETF Applications
In an interview with Fortune magazine, Ark Invest CEO Cathie Wood said she doesn't think BlackRock has an advantage over ARK Invest in terms of bitcoin spot ETF applications.
We don't think so," Cathie Wood said. We know they have a supervisory sharing clause in their application materials and we don't, but as far as I know, it doesn't take us too long to amend our application materials and all the institutions are moving in that direction. "
She also said that if the U.S. SEC loses the "Grayscale v. SEC" case, then the probability of the Bitcoin spot ETF passing muster will increase.
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