Cathie Wood Unveils Bullish Bitcoin Vision Amidst ETF Success

banner-image

 🦂 $SCORP Pre-Sale Is Almost Sold Out: Famous Casino Launches Token with Daily Staking Rewards - 6 Million Raised with 10,000 Participants! 🚀

Ark Invest’s CEO and CIO, Cathie Wood, a vocal advocate for Bitcoin, recently shared her insights on the digital asset markets and the prospects for Ark Invest’s Bitcoin ETF (ARKB). Wood is known for her influential position in the market, with nearly 5 million shares in her flagship fund, the Ark Innovation ETF.

Wood Suggests Focusing on Long-Term Growth

The resurgence of Bitcoin, coupled with the approval of spot Bitcoin ETFs, has sparked increased interest from Wall Street participants in the digital asset. Regarding the future of Bitcoin, Wood offered a long-term perspective, stating:

“We do five-year plus forecasts, so we’re focused on how institutions and countries and companies might use this new asset class for different reasons.”

 🎲 Famous Casino Launches Token with Daily Staking Rewards - $6 Million Raised with 10,000 Participants! Pre-Sale is almost sold out 🚀

She believes that the recent SEC approval has prompted institutions to carefully consider Bitcoin, marking a phase of learning. Wood anticipates a continuous movement into this new asset class, contributing to sustained price appreciation.

“There are always short-term causes for volatility. So a one-year period is pretty short. But over a five-year period, our confidence is very high,” she states.

The Success of ETFs and Competition Among Issuers

Spot Bitcoin ETFs have amassed over $10 billion in assets under management (AUM) within a mere 20 days since their launch, underscoring the robust investor interest in this emerging investment avenue.

 🦂 $SCORP Pre-Sale Is Almost Sold Out: Famous Casino Launches Token with Daily Staking Rewards - 6 Million Raised with 10,000 Participants! 🚀

When discussing the broader competition among spot ETF issuers, Wood shed light on the market’s leading players, identifying BlackRock and Fidelity as the two largest products in the space. Despite ARK 21 Shares being positioned as the third-largest, she expressed contentment with this standing, emphasizing the quality of the competition.

“If you’re excluding GBTC, which has a much higher fee than any of us, then you’ve got BlackRock, Fidelity, and ARK 21 Shares. That is fine company. And we are very pleased to be number 3,” Wood remarked.

ARKB’s Success

As for Ark Invest’s Bitcoin ETF (ARKB), Wood highlighted its success, ranking as the third-largest in the market. She credited the achievement to Ark Invest’s history with Bitcoin, spanning research, publications, and active involvement since 2014.

5% Allocation on Portfolios

Notably, Wood underscored the historical optimal 5% allocation of bitcoin on portfolios, emphasizing Bitcoin’s dual nature as both a risk-on and a flight-to-quality asset. She positioned bitcoin as an attractive asset class for diversification by stating:

“I think one of the things that we learned in the last year that I think is encouraging asset allocators to think seriously about Bitcoin is it is not only a risk on asset, but during the regional bank crisis last year, it appreciated as regional banks were falling apart.”

🎲 Famous Casino Launches Token with Daily Staking Rewards - $6 Million Raised with 10,000 Participants! Pre-Sale is almost sold out 🚀

April 15, 2024

The United Kingdom is set to greenlight new stablecoin regulation by..

April 15, 2024

Solana developers have released a major update on the mainnet that..

April 15, 2024

NuggetRush emerges as a rising crypto titan, attracting keen interest from..

ads-image ads-image