The CEO and Chief Investment Officer of Ark Invest, Cathie Wood, has stated that the U.S. Securities and Exchange Commission (SEC) would only approve Bitcoin and Ethereum exchange-traded funds (ETFs). Concurrently, Kava and EOS rival – Borroe Finance ($ROE), is poised to revamp Web3 fundraising, as its ongoing presale has gathered nearly $3 million.
Cathie Wood’s Vision for Global ETF Growth
Cathie Wood, the famous CEO of Ark Invest, has anticipated that the US Securities and Exchange Commission (SEC) is expected to limit its approval of cryptocurrency exchange-traded funds (ETFs).
Wood’s prediction stems from her perception of the SEC’s worries about the volatility and regulatory uncertainties of the majority of digital currencies.
Wood expresses doubts about the SEC approving spot ETFs for cryptocurrencies other than Bitcoin and Ethereum during a recent appearance on the Wall Street Journal’s “Take On the Week” podcast.
This view is in line with the assertions made by Wood earlier, as Ark Invest is now managing several Bitcoin ETFs such as the ARK 21Shares Bitcoin ETF.
In addition, Ark Invest has applied to the SEC for an Ethereum ETF. Though the likely approval of Ethereum ETFs by the SEC was expected, the comments of Wood indicate that the commission may also delay in approving ETFs involving other cryptos due to their relative lack of stability and compliance with recently imposed stricter regulations.
The SEC’s approval of Bitcoin ETFs even after their initial hesitance is a testament of the need to satisfy certain requirements, like derivatives contracts for the underlying asset.
This need was satisfied through the implementation of Bitcoin futures trade on regulated exchanges such as the Chicago Mercantile Exchange (CME). The rationale of the SEC for accepting or rejecting ETF proposals is complex but Wood’s forecasts illustrate the hurdles smaller cryptocurrencies need to overcome to receive similar approval.
Borroe Finance ($ROE) Presale Attracting Capital
Borroe Finance ($ROE) has consistently garnered interest from investors and cryptocurrency enthusiasts alike, attracted by its innovative Web3 funding methodology.
Borroe Finance ($ROE) is an AI-driven fundraising platform that provides fast funding and liquidity solutions for blockchain projects. This system is enabled with AI technology and smart contracts, allowing users to convert future income streams, such as subscriptions and royalty invoices, into cash.
Various entities, including NFT gaming startups, NFT artists and creators, use invoice tokenization to easily get funds within the Borroe Finance ecosystem. This process consists of transforming future revenues or outstanding invoices into non-fungible tokens, which are then sold at a discount to avid investors on the platform’s NFT marketplace.
Investors in Borroe Finance ($ROE) have made excellent gains so far thanks to the systematic price increment of the $ROE altcoin from stage one. The project has raised over $2.9 million in funding. As an emerging DeFi project, Borroe Finance ($ROE) has become a sophisticated AI-funding marketplace in the Web3 landscape and is very popular in today’s blockchain sector.
Targeting to bring a revolution about fundraising in the Web3 epoch, Borroe Finance ($ROE) strives to establish a just and efficient financial system, which will offer all Web3 users and entrepreneurs new opportunities for funding.
The indigenous currency, $ROE, presents many benefits to the holders including the possibility of high returns.
The Borroe Finance presale is ongoing, with its $ROE token tagged at $0.019.
The growth path of the $ROE altcoin has shown a 90% increase as it went from $0.010 to $0.019 from the beta to the fourth presale stage, and after all seven presale stages are completed, The $ROE token will be listed on the best crypto exchanges.
This deflationary token; $ROE; is defined by scarcity and accumulation of value over time, thus making it quite appealing to long-term Hodlers and investors.
Maxim Prischepo and Michael Price are the Borroe Finance ($ROE) team leaders.
Setting it apart from hype-driven coin offerings with anonymous team members. The platform stands for transparency and safety as it is certified by BlockAudit and its smart contract address is made visible to the public.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter