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Cathie Wood Says ‘Hopes Are Rising’ For Bitcoin ETF Approval By SEC

Ark Invest is one of several companies that have filed for Bitcoin ETFs with the SEC, an item that many believe could increase demand for the leading cryptocurrency. The investment manager’s CEO Cathie Wood shared an update Monday on where Bitcoin ETFs stand. What Happened: Known best for its investment in technology stocks, Ark Invest is a believer in the future valuation of Bitcoin (CRYPTO: BTC). Ark Invest has a pending spot Bitcoin ETF the company believes will be improved in the future. “It was publicized and disclosed that we had responded to the SEC’s request for information around our …