Ark Invest CEO Cathie Wood shared her views on the US SEC (SEC) approval of SpotBitcoin ETFs in an interview with CNBC. Cathie Wood said we believe that if we and others get approval from the SEC, it will give institutions the green light. We've talked to quite a few of them, and now that the SEC is effectively paving the way, they're more interested in that.

As we've always said, starting to ask a very good question, a very detailed question, a very technical question – so, I think they've asked all the questions that they need to answer, and I think most of us are probably involved in the process.
Wood also believes that the approval of the SpotBitcoin ETF may not be the selling point of Shinma, as some have predicted. Looking at our five-year investment horizon, we believe that the inflows into this new asset class, particularly institutional funds... It will be quite substantial, and it doesn't take much for institutional allocations to Bitcoin to push this asset, which is becoming a scarce asset, much higher.