The SEC announced last night that it has approved the long-awaited spot Bitocin ETFs.
After the approval, important names in the crypto market described this decision as a turning point for BTC and the US crypto industry, while SEC Chairman Gary Gensler made a surprising statement.
Gensler said that although they approved ETFs, they did not approve and still do not support Bitcoin.
While the crypto industry reacted to Gensler's statements, one of them was Ark Invest CEO Cathie Wood, whose ETF application was approved.
Speaking to Bloomberg, Cathie Wood said she was surprised by Gensler's statements.
Stating that Gensler's statements overshadowed the ETF approvals, Wood made the following criticisms of the SEC chairman:
“The SEC chairman smeared the entire cryptocurrency industry with his post-approval statements. I could not believe his statements.
These explanations are basically the old mindset that crushes innovation.
However, there are so many people curious and excited about spot ETFs that even these statements will not be able to resist this innovation.
Because ETF approvals open a new page for Bitcoin.
“I want to believe that we will be among the top three or two providers through the Spot Bitcoin ETF.”
Finally, Wood stated that these statements are actually an indication that the SEC is still afraid of Bitcoin. “Given the SEC's fear of BTC, institutions need to work more meticulously on the new regulatory framework.” said.
*This is not investment advice.
