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TechFlow news, Cathie Wood, founder of ARK Investment Management, said she does not believe the Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) holding cryptocurrencies other than bitcoin and ether.
In an interview with The Wall Street Journal's "Take On the Week" podcast, Wood said: "We would be surprised if the SEC approved any other cryptocurrency beyond bitcoin and ether."
ARK Investment Management founder Cathie Wood said she doesn't believe the Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) holding cryptocurrencies other than bitcoin and ether. In an interview with The Wall Street Journal's "Take On the Week" podcast, Wood stated, "We would be surprised if the SEC approved any other cryptocurrency beyond bitcoin and ether."
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