News View Non-AMP

Spot ETF Boom: Here’s Why Cathie Wood Sees Bitcoin as a Market Powerhouse

Published by
Elena R

Cathie Wood, the influential CEO of Ark Invest, has expressed optimism about the possible approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) by January 10. Notably, she highlighted a positive shift in the SEC’s “depth of knowledge” and an enhanced understanding of the relevant issues.

What are the reasons behind her bold claim? Read on!

Why is the Spot Bitcoin ETF So Important?

In a recent CNBC interview, Wood emphasized the significance of a spot Bitcoin ETF. She believes it will attract institutional interest to cryptocurrencies. According to Wood, once major institutions enter the scene, they’ll explore various crypto investments.

Wood also praised 21Shares, a leading ETP crypto provider with about $2 billion in assets, for their influential role in shaping the crypto market.

How High Will Bitcoin Soar?

Regarding Bitcoin’s potential price movement after the ETF approval, Wood recognizes possible short-term changes. However, she remains confident that significant institutional investments will positively impact Bitcoin’s long-term value.

“We’re keeping an eye on everything, and everything seems to be working fine.”

Wood also stressed how important it is to actively manage different investment strategies as the market keeps changing.

Bitcoin as a Hedge and Global Tender

Looking into the future, Wood highlighted Bitcoin’s resilience in 2023, noting its 50% growth despite challenges like regional bank crises. She pointed out crypto tokens’ unique benefits, such as decentralization and transparency, which attract investors interested in on-chain activities.

Wood also sees Bitcoin as a hedge against inflation and deflation. She predicts a future where Bitcoin stands alongside physical gold as a key investment.

Lastly, Wood recommended broader Bitcoin adoption as legal tender in emerging economies, referencing initiatives in El Salvador and Argentina.

Read More: Spot Bitcoin ETFs Could Surpass $50 Billion Crypto ETP Market: BitMEX

All in all…as institutional interest continues to grow, Wood’s bullish sentiments and predictions provide a glimpse into the evolving landscape of Bitcoin and the broader cryptocurrency market in the coming year.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Why Crypto Is Down Today: Market Drops to $2.65T Amid U.S. Tariff News

The crypto market has hit a rough patch, sliding to $2.65 trillion after a 1.02%…

April 4, 2025

Fed Rate Cut Decision in Focus Amid Crypto Volatility and Recession Fears

Crypto markets experienced sharp ups and downs on Wednesday and Thursday ahead of President Trump’s…

April 4, 2025

Zoomex Review: The New Crypto Exchange with Many User-Focused Features

Since launching in 2021, Zoomex has quickly made a name for itself as a crypto…

April 4, 2025

Bitcoin Price Prediction 2025- BTC Price May Revamp Bull Run Only After Reaching These Levels

The crypto markets were heavily consolidating ahead of Trump’s Liberation Day, where new tariffs were…

April 4, 2025

Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing

In a major development for the crypto market, Coinbase Derivatives has filed with the Commodity…

April 4, 2025

Nomy Finance’s Venture Division Surpasses $691 Million in Assets Under Management, Fueling Blockchain Innovation

Nomy Finance has announced that its venture division has surpassed $691 million in assets under…

April 4, 2025