In a recent interview with WSJ’s Take On the Week podcast, Cathie Wood, founder of ARK Investment Management, discussed the field of exchange-traded funds (ETFs). of cryptocurrencies He shared his views on his future.
Wood, Securities and Exchange Commission (SEC) Bitcoin And Ethereum He expressed skepticism about approving spot exchange-traded funds that include cryptocurrencies other than cryptocurrencies. “We would be surprised to see anything other than Bitcoin and Ethereum approved by the SEC,” he said.
Wood’s comments came just as the price of Bitcoin surpassed $50,000. However, the SEC is likely to approve an Ethereum ETF in May. However, the SEC’s support of the Prometheum platform, which plans to sell Ethereum as a security, raises doubts about the process of accepting ETH as a commodity.
cryptocurrency market Solana, XRP, Cardano While we are waiting for spot ETF applications in altcoins such as Bitcoin and Ethereum, the SEC accepts that all cryptocurrencies except Bitcoin and Ethereum are securities. That’s why other assets are less likely to own a spot ETF.
*This is not investment advice.
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