Cathie Wood Sees Growing Prospects for Bitcoin ETF Approval Despite False Start

Cathie Wood says "hopes are rising" for SEC approval of Ark Invest's pending Bitcoin ETF application based on SEC's willingness to engage.

Wood believes multiple Bitcoin ETFs could get approved by end of 2023 or early 2024, with Ark Invest first in line.

SEC choosing to ask questions rather than reject Ark's filing outright shows increased openness to move forward.

Bitcoin spiked above $30k Monday on incorrect reports of Bitcoin ETF approval from iShares.

Wood warned of impending deflation in recent interview, a flip from her prior inflation warnings.