Cathie Wood Says Ether ETF Filings Were Approved Because Crypto Is an Election Issue
Wood says the filings in support of ether ETFs were not approved in a regular way.
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Wood says the filings in support of ether ETFs were not approved in a regular way.
After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs.
Ark Invest CEO Cathie Wood (Danny Nelson/CoinDesk)
The Ark Invest CEO said the firm has been looking closely at emerging markets, where use cases of the digital asset make her believe that bitcoin is partly a risk-off asset.
ARK offloaded Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
The updated S-1 document brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted.
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.
BlackRock said its fee will start at 0.20%, rising to 0.30%.
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.