Cathie Wood’s ARK reportedly ahead in race for BTC ETF
Cathie Wood’s ARK Investment Management is speculated to be leading the competition for a bitcoin (BTC) exchange-traded fund (ETF), ahead of investment giant BlackRock, according to recent industry reports. Renowned bitcoin-supportive company, ARK Investment Management, helmed by the seasoned investor Cathie Wood, is purportedly leading the race for a bitcoin (BTC) exchange-traded fund (ETF), as per recent information. The established investment corporation, BlackRock, initiated an application for a BTC ETF in the middle of June, instigating an air of expectancy across the cryptocurrency domain. Despite conjecture that BlackRock could emerge as the inaugural issuer of a BTC ETF in the U.S. subject to authorization, a number of industry insiders and specialists question this prospect. JUST IN: Cathie Wood’s ARK Invest says it’s first in line to get potential approval for a spot #Bitcoin ETF, ahead of BlackRock – Bloomberg pic.twitter.com/zjneCeo6bB — Bitcoin Mag...