ARK Investment Management, a pro-Bitcoin (BTC) firm founded by veteran investor Cathie Wood, is reportedly ahead in the race for a spot BTC exchange-traded fund.
In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism on cryptocurrency markets.
A number of reports suggested that BlackRock could become the first issuer of a spot Bitcoin ETF in the United States, should it receive approval. That might not be the case, according to some…
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