Cathie Wood, CEO of investment company Ark Invest, explained the obstacle to spot Bitcoin exchange-traded fund (ETF) applications.
Cathie Wood, CEO 16 October On Monday’s podcast Coin Stories hosted by Natalie Brunell joined. In his speech for the podcast spot Bitcoin ETF Making a statement about the current status of their applications, Wood said that the only obstacle before them was U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler He stated that:
The person standing directly in the way of approval of spot Bitcoin ETFs is SEC Chairman Gensler. Many of the SEC’s key members are bullish on spot ETFs.
He emphasized that he talked about Bitcoin with many officials at the SEC in the past period and that those people are capable of understanding Bitcoin in depth. majority of the regulatory body He has a positive attitude towards Bitcoin. The CEO highlighted Gensler’s spot Bitcoin ETF applications as a obsession He implied that he had transformed it into.
However, not to be pessimistic, in the end, spot Bitcoin ETF applications will be approved collectively expressed.
In the rest of the podcast description, he describes the spot Bitcoin ETF process as “Gensler’s personal VietnamThe experienced name, who defined it as “, drew attention with the following statements:
The disconnect for me is that the SEC staff knows so much and is so good that I believe it’s so much more than just Gary Gensler. I cannot confirm this because the staff has no right to speak clearly about it. I just know from how we discussed Bitcoin with them that they really understand it and appreciate it. I think Gary Gensler’s personal Vietnam is starting to come back to haunt him. I think the SEC is taking action now.
Ark Invest’s pending SEC review Bitcoin ETF as well as spot Ethereum ETF has an application. The company recently filed a file on its spot Bitcoin ETF application. by updating re-present positive It was interpreted as a development.