Rallying Cry for Bitcoin ETFs

Cathie Wood, the ever-optimistic CEO of Ark Investment Management, seems convinced that the winds are shifting favorably for Bitcoin exchange-traded funds (ETFs) in the U.S., especially with a new administration steering the ship. During a chat with CNBC’s Bob Pisani, she threw out a couple of hints that could indicate the Securities and Exchange Commission (SEC) might finally be warming up to the idea of a Bitcoin ETF.

Who’s Steering the Regulatory Ship?

One key figure Wood highlighted is Gary Gensler, the appointed chair of the SEC. Gensler’s deep understanding of digital assets has her feeling hopeful. “I think the probability of an ETF has gone up,” she noted, citing Gensler’s expertise as a beacon illuminating the path ahead for the crypto chaos. It appears it’s no longer just a 404 error on the regulatory front.

The Crypto Czar and Other Signposts

Another bullish sign that Wood mentions is Valerie Szczepanik, affectionately dubbed the