Source: Blockchain Knight
Cathie Wood, founder and CEO of Ark Invest, has appeared on mainstream media channels many times to discuss the first spot BTC ETF approved in the United States.
The asset management company and Wood himself are both long-term supporters of Crypto assets.
In an interview with Schwab Network, the CEO revealed how much of her asset network is allocated to BTC. Wood said: "About 25% of my net worth has been converted to BTC."
However, Wood also said that this was just a "rough" guess, she added Dao:
“Almost all of my financial asset networks are innovating. In other words, I have great confidence in the depth of our research. Many people also say that what I research gives me courage. , let me be more aggressive in this field."
While Wood only disclosed her BTC holdings, the interview hinted that the Ark CEO also held other digital assets. Wood added: "Whether it's our funds, private funds, or Crypto assets have some, mainly BTC."
Since being approved yesterday, theSpot BTC ETF is the first to be launched Billions of dollars in trading volume were generated within hours. Trading volume hints at the eagerness of investors and institutions to get exposure to Crypto assets.
The fund management companies behind 11 BTC ETFs, including VanEck, BlackRock and Ark, have launched a fierce battle for market share of new financial products .
A few hours after receiving the approval, Ark released a new ad to attract potential investors while promoting their 0.25% management fee for other BTC-based products.
Although the spot BTC ETF seemed to be a success, there were frequent problems and chaos in the days before its official approval. A breach in the SEC's X account allowed bad actors to publish a false report on ETF approval.
Talking about this incident and the long-term impact of spot BTC ETF, Wood said:
“I was being interviewed at the time and pulled up the tweet and saw it at first glance. It was the BTC logo in the SEC tweet. I said, this is so weird. And then the second thing I saw was a picture of Gary Gensler, and he was smiling. To me, that seemed a little too out of the blue."
“Our goal is to provide customers with a democratized and innovative approach in various fields such as public markets, innovative funds, private market venture capital, etc.BTC is an extension and democracy of this approach ation, we think it will be one of the most important assets in history."
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