Ark Fund predicts that if U.S. institutions allocate Bitcoin in accordance with the guiding principle of maximizing the Sharpe rate in the five-year rolling time window until 2023, then 19.4% of global investable assets will be invested, which is expected to push Bitcoin to 230- $2.5 million.
JinseFinanceA long-term investment perspective is the key to investing in Bitcoin. Instead of asking “when,” ask “how long.”
JinseFinanceArk Invest points to 2024 Bitcoin growth catalysts: spot ETFs, April halving, regulatory changes, institutional acceptance. CEO Cathie Wood anticipates significant flows, potential $1.5 million valuation by 2030.
EdmundArk Invest's Catherine Wood stated that the Fed is making a policy mistake in an open letter.
BeincryptoARK Invest believes crypto is a new technological boom. This business cyclet is going to drive an unprecedented amount of asset value appreciation.
OthersJ. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”
CointelegraphThe U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far.
CointelegraphThe regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.
Cointelegraph21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
CointelegraphWood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
Cointelegraph