Crypto NewsAltcoinXRP, Solana, Cardano Spot ETFs Coming? Bitcoin Bull Cathie Wood Gives Her...

XRP, Solana, Cardano Spot ETFs Coming? Bitcoin Bull Cathie Wood Gives Her Opinion

Bitcoin-friendly billionaire Cathie Wood made a statement about the spot ETF possibilities of altcoins other than Ethereum.

Follow Bitcoin Sistemi Google News Button

In a recent interview with WSJ's Take On the Week podcast, Cathie Wood, founder of ARK Investment Management, shared her views on the future of cryptocurrencies in the exchange-traded funds (ETFs) space.

Wood expressed skepticism about the Securities and Exchange Commission (SEC) approving spot exchange-traded funds that include cryptocurrencies other than Bitcoin and Ethereum. “We would be surprised to see anything other than Bitcoin and Ethereum approved by the SEC,” he said.

Related News  What's Behind the Bitcoin Price's Recent Rally? Where Is the Uptrend Coming From?

Wood's comments came just as the price of Bitcoin surpassed $50,000. However, the SEC is likely to approve an Ethereum ETF in May. However, the SEC's support of the Prometheum platform, which plans to sell Ethereum as a security, raises doubts about the process of accepting ETH as a commodity.

While the cryptocurrency market is waiting for spot ETF applications in altcoins such as Solana, XRP, Cardano, the SEC accepts that all cryptocurrencies except Bitcoin and Ethereum are securities. That's why other assets are less likely to own a spot ETF.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week