Bitcoin ETF

Gary

<div class="cryptonews"> 
 <p class="is-style-lead">Ark Investment Management CEO Cathie Wood says Gary Gensler ‘<a rel="dofollow" title="denigrated" href="https://thebittimes.com/tag/denigrated.html">denigrated</a> the whole <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> space’ with his latest statement.</p> 
 <p>Speaking in an interview with Bloomberg on Jan. 11, Ark Investment Management founder and CEO Cathie Wood criticized the head of the U.S. Securities and Exchange Commission (SEC), saying the latest statement about <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies “<a rel="dofollow" title="denigrated" href="https://thebittimes.com/tag/denigrated.html">denigrated</a>” the whole industry.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“He just denigrated the whole crypto space. I couldn’t believe it. This is par for the course in disruptive innovation.”</p> 
  <p>Cathie Wood</p> 
 </blockquote> 
 <p>Wood’s comments were prompted by Gensler’s continued skepticism towards cryptocurrencies, even after granting approval for spot Bitcoin exchange-traded funds (ETFs). Gensler, who has been consistently critical of cryptocurrencies since taking charge at the helm of the U.S. financial regulator, reiterated in his latest statement that the SEC “did not approve or endorse Bitcoin.”</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Cathie Wood: “Bitcoin is the only asset to store for the next 10 years” 
 </div> 
 <blockquote class="wp-block-quote"> 
  <p>“While we approved the listing and trading of certain spot Bitcoin ETP shares today, we did not approve or endorse Bitcoin. Investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to crypto.”</p> 
  <p>Gary Gensler</p> 
 </blockquote> 
 <p>Despite Gensler’s negative stance, Cathie Wood believes that the approval of spot Bitcoin ETFs marks a significant development for the largest <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency by market capitalization. She emphasizes that institutions will now need to navigate and adapt to the new regulatory framework with increased diligence.</p> 
 <p>As previously reported by <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news, the SEC gave the green light to multiple spot Bitcoin ETFs on Jan. 10, including the one jointly filed by Ark and 21Shares. The approval paves the way for ETFs to commence trading on the CBOE from 9 am on Jan. 11, coinciding with the opening of the U.S. stock market.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Cathie Wood: spot Bitcoin ETF seen as ultimate endorsement for institutional investors 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ark-s-cathie-wood-condemns-sec-chair-says-gensler-denigrated-crypto-tbt76262.html">https://thebittimes.com/ark-s-cathie-wood-condemns-sec-chair-says-gensler-denigrated-crypto-tbt76262.html</a></p>

Ark’s Cathie Wood condemns SEC Chair, says Gensler ‘denigrated’ crypto

TheBitTimes

Other articles published on Jan 11, 2024

Bitcoin Exchange Binance Announces This Altcoin Will Support Network Upgrade!

Bitcoin (BTC) Price Might Hit $50k In Next 7 to 10 Days – Here’s Why

Father and son sentenced for laundering millions in Bitcoin

Bitget Report: Female-Led Blockchain Startups Receive Only 6% of Overall Funding

Mantle Price Jumps Over 20% Today! Will MNT Price Hold Its Gains?

Coinbase to Custody Eight Spot Bitcoin ETFs Following SEC Approval

Join our free newsletter for daily crypto updates!