GARY GENSLER IS "STANDING IN THE WAY" OF SPOT BITCOIN ETFS - CATHIE WOOD

She said the out loud part... out louder.

Cathie Wood, the head of asset management firm Ark Invest, claims that SEC Chair Gary Gensler is the main obstacle to the approval of spot bitcoin ETFs, not the SEC itself. Wood believes that the agency's staff are knowledgeable about bitcoin and its merits. She expressed confusion over why Gensler approved a bitcoin futures ETF but not a spot bitcoin ETF, especially when the latter has less counterparty risk. Wood's firm has had two previous ETF attempts rejected by the SEC. Pressure to approve a spot bitcoin ETF has been growing, especially after Grayscale Investments secured a legal win, forcing the SEC to re-review its application.

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