Cathie Wood’s Statements on Bitcoin ETF Disputed by Max Keiser
Bitcoin maximalist Max Keiser has called out Ark Invest CEO Cathie Wood for what he believes to be false statements about a Bitcoin exchange-traded fund (ETF). Keiser took to social media to express his disagreement with Wood’s comments.
Cathie Wood Advocates for Quick and Efficient Bitcoin ETF
Wood argues that major financial institutions need quick and efficient access to Bitcoin. In an interview, she states that a Bitcoin ETF is the fastest way for institutions to gain exposure to the digital asset. According to Wood, institutions don’t want to deal with custody and other infrastructure issues; they simply want easy access to Bitcoin and other digital assets.
Keiser Claims Spot Bitcoin ETFs Don’t Provide Access to Actual BTC
Keiser counters Wood’s argument by stating that spot Bitcoin ETFs only provide exposure to a proxy instrument that tracks the price of BTC. He asserts that investors do not have direct access to actual BTC through these ETFs.
Bitcoin ETF Deadline Approaches as Industry Speculates
The United States Securities and Exchange Commission (SEC) has until January 10 to approve or deny a spot Bitcoin ETF. The potential impact of this decision on the cryptocurrency market is being closely watched. Some believe that the approval of a Bitcoin ETF will make it easier for retirement savers to invest in crypto.
Hot Take: Max Keiser Challenges Cathie Wood’s View on Bitcoin ETF
Max Keiser’s criticism of Cathie Wood’s statements regarding a Bitcoin ETF raises questions about the accessibility and functionality of such investment vehicles. As the deadline for SEC approval approaches, it remains to be seen how this debate will impact the future of cryptocurrency investments.
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