Cathie Wood, leader of Ark Invest, believes that SEC Chair Gary Gensler is the main obstacle to approving spot Bitcoin ETFs. Despite the SEC staff's expertise in cryptocurrencies, Wood noted that Gensler seems to be the hindrance. She questioned Gensler's preference for Bitcoin futures ETFs, which have counterparty risk, over spot Bitcoin ETFs, which lack such risk. Wood expressed optimism, especially after a court ruling pressured the SEC to reconsider spot Bitcoin ETF applications. MORE : CryptoGrafos.com #bnbburn #etf #BinanceSquare #Bitcoin