Bitcoin spot ETFWhile it rose above $30,000 after the news about the approval of , it returned to the level of $28,000 after it was realized that these news were fake.
While the short-term volatility in BTC caused investors to lose more than 100 million dollars in leveraged transactions, comments on the news continue to come.
Last comment on this point Ark Invest CEO Cathie Woodcame from and reiterated his optimism about spot ETFs potentially being approved by the SEC.
Appearing on Coin Stories hosted by Natalie Brunell, Wood said on Monday that the SEC actually understands BTC well.
I asked Cathie Wood about what the SEC has been doing with the spot #Bitcoin ETF applications.
Below is her very candid answer.
Full interview: https://t.co/VRbi7ArZCQ pic.twitter.com/TbKIKg7qqk
— Natalie Brunell ⚡️ (@natbrunell) October 16, 2023
Wood said the obstacle to spot Bitcoin ETFs is not the SEC, but SEC Chairman Gary Gensler.
“The people working at the SEC are really knowledgeable and accomplished. But I think spot ETFs are not moving forward and are not approved because of Gary Gensler’s stance.
“I can’t say anything for sure, but I think so.”
Wood, who thinks that Gensler’s past difficulties in this regard also affected its approach to spot ETFs, stated that the SEC will take action on ETFs soon.
The famous CEO also stated that he thinks the SEC will approve not just one Bitcoin ETF, but several.
Finally, Cathie Wood, who stated that she wondered why Gensler allowed risky Bitcoin Futures ETFs but did not allow risk-free Bitcoin ETFs, commented on her company’s spot ETF application. “The ETF we are planning will be on par with Bitcoin and will be held safe in Coinbase. “ said.
*This is not investment advice.
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