Wood’s remarks were similar to a proposal by Grayscale, the company currently suing the SEC over its refusal to accept an application allowing its Bitcoin Trust to be converted to a spot Bitcoin ETF. In July, Grayscale’s legal team
to the SEC requesting the regulator approve all proposed spot Bitcoin ETFs at the same time to avoid one having an advantage over another.of crypto-linked futures ETFs as well as a leveraged Bitcoin futures ETF from Volatility Shares Trust. At the time of publication, the SEC has received crypto ETF applications from Invesco, BlackRock, Valkyrie, VanEck, Wisdom, Fidelity and ARK Invest.Wood suggested ARK Invest’s spot BTC ETF application deadline would be extended by the SEC. The U.S.
The race to get a listing for a spot crypto ETF in the United States has become the subject of scrutiny among many in the crypto industry and media, especially , the largest asset management firm in the world. Regulators in other countries including Canada have already approved similar spot ETF filings from crypto firms.
In an Aug. 7 interview with Bloomberg, Wood predicted the SEC would approve “more than one [ETF] at once” if it moves forward with any application currently under consideration.