Eric Balchunas, a senior ETF analyst at Bloomberg, said on social media that Cathie Wood stated that the staff of the US Securities and Exchange Commission (SEC) (who are currently in their first-ever contact with spot issuers) understand Bitcoin and its advantages, but Gary (SEC Chairman) is blocking their path (which is also what we feel). It is worth noting that Gary has begun to publicly state that he is looking forward to the staff's recommendations (as he said before proposing the BTC futures ETF in October 2021), so Cathie is optimistic that the staff will have no problem. This is also why our chances of success were as high as 90% by January.
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Bloomberg ETF analyst: Cathie Wood says the current obstacle to ETFs is just the SEC chairman
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