Cathie Wood evaluated the moves the US Securities and Exchange Commission (SEC) could make regarding spot Bitcoin ETF offerings.

According to Bloomberg's report, Cathie Wood said that the SEC can approve multiple spot Bitcoin ETFs at once.
The CEO of Ark Investment Management used the following statements in a statement to Bloomberg TV:
“If the SEC is going to approve a Bitcoin ETF, it will approve multiple Bitcoin ETFs at once”
Due to its spot Bitcoin ETF application made last June, ARK believes that it will be in the first place in case of a potential ETF approval. Wood thinks the regulator may approve multiple spot Bitcoin ETF offers at the same time.
It is focused on the possibility that spot Bitcoin ETF products could potentially generate more than $50 billion in revenue.
The SEC has not approved any spot Bitcoin ETF proposals at this time.
The wait continues in the stream started by BlackRock
The spot Bitcoin ETF application made by asset management giant BlackRock caused many companies to make similar applications. Many companies such as WisdomTree, VanEck, and Invesco quickly submitted their spot Bitcoin ETF offers.
Wood said that the companies' spot Bitcoin ETF products are very similar and the likelihood of these products being successful depends on their marketing skills.
"I think Cathie Wood sees and hears the same things we do," said James Seyffart, a Bloomberg Intelligence ETF analyst.
Seyffary also said that if Grayscale wins its lawsuit with the SEC, the regulator may have to approve multiple spot Bitcoin ETF products at once. As it will be remembered, Grayscale wanted to convert the Bitcoin Trust product into a spot Bitcoin ETF, but when it was rejected by the SEC, it brought the issue to court.
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