Renowned US investor and CEO of ARK Invest, Cathie Wood, is optimistic about the imminent approval of a spot Bitcoin ETF in the United States. Wood revealed that the SEC has been engaging in detailed discussions with ETF applicants, demonstrating a positive approach. She emphasized the importance of eliminating uncertainties for the SEC and anticipates the ETF’s approval in January 2024. This eagerly awaited approval will open doors for institutional investors to enter the cryptocurrency market, although it won’t happen before the end of 2024 due to ongoing deliberations.