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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill unbelievably early in the lifetime of Spot Bitcoin ETFs, says Ophelia SnyderOphelia Snyder, President & Co-Founder of 21Shares, discusses Spot Bitcoin ETFs one week after their public debut.
Persons: Ophelia Snyder Ophelia Snyder
Why spot ETFs may be a game changer for bitcoin
  + stars: | 2024-01-13 | by ( Emily Glass | ) www.cnbc.com   time to read: +1 min
The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Her firm partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF. "We really believe this is an important moment for us to help with the democratization of bitcoin access, giving more people access," Wood told "ETF Edge" on Monday. The first-ever batch of spot ETFs began trading Thursday. "It's also very much part of a new wave of disruptive technology," the firm's president and co-founder told "ETF Edge."
Persons: Cathie Wood, 21Shares, Wood, Ophelia Snyder's, Snyder, bitcoin Organizations: Securities, Exchange, Ark Invest Locations: bitcoin
Cathie Wood's Ark fund and 21Shares are planning America's first spot ether ETF. They filed an SEC application Wednesday as a race to create spot bitcoin ETFs gets underway. The ARK 21Shares ethereum ETF promises a safer way to trade the second-largest cryptocurrency. Many regard that decision as helping pave the way for spot bitcoin ETFs. ARK and 21Shares have also submitted an SEC application for a bitcoin spot ETF.
Persons: bitcoin, There's, ARK's Wood, 21Shares, Ophelia Snyder, Fundstrat Organizations: SEC, Service, Securities and Exchange Commission, Fidelity, Investments, Bloomberg Locations: Wall, Silicon, BlackRock
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