Adam here. 

Bitcoin exchange-traded funds dominated the news this week as the deadline for regulatory approval of ARK Invest’s application approaches. 

Cathie Wood’s firm expects a response from the US Securities and Exchange Commission by next Wednesday, January 10.

Grayscale CEO Michael Sonnenshein aptly said on Tuesday that there was a “big work week ahead.” The digital asset manager has since been busy putting the final touches on its application.

Its competitors have been kept busy. The firm could yet be bigfooted by the likes of BlackRock.

Social media has been awash with speculation that an approval could come very soon. Anthony Scaramucci, CEO of investment firm SkyBridge Capital, has come out as a particularly bullish voice. 

A decade on from the first application it feels more likely than ever that something significant could happen, be that an approval or yet another denial.

Watch this space!

Adam

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