Ethereum

Spot

<ul class="news-points"> 
 <li>Cathie Wood said that it would be surprising for the SEC to approve spot ETFs other than BTC and ETH.</li> 
 <li>Wood’s ARK Invest is one of at least seven firms that seek to offer spot Ethereum ETF.</li> 
 <li>The SEC recently postponed its decision on BlackRock and Fidelity’s spot ETH applications.</li> 
</ul> 
Founder and CEO of the asset management firm Ark Invest, Cathie Wood, stated that she doesn’t see the <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> approving spot exchange-traded funds (ETFs) tied to cryptocurrencies other than Bitcoin and Ethereum.&nbsp; 
In a <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-12-2024/card/cathie-wood-doesn-t-expect-the-sec-to-approve-etfs-backed-by-tokens-beyond-bitcoin-ether-Xq4NsWtdn3c2tQsqyER3" target="_blank" rel="nofollow">statement</a> given during her interview with WSJ’s Take On the Week podcast, Wood talked about the probability of a spot ETF backed by a coin other than Bitcoin and Ether being listed in the U.S.&nbsp; 
“We’d be surprised to see anything but bitcoin and ether being approved by the SEC,” Wood stated. ARK Invest is one of the asset management firms that seeks to offer a spot Ethereum ETF.&nbsp; 
Additionally, Franklin Templeton, a firm reportedly with $1.5 trillion in assets under management (AUM), <a href="https://coinedition.com/franklin-templeton-joins-ethereum-etf-rally-applies-for-etf-launch/">applied for a spot Ethereum application</a> with the SEC on February 12.&nbsp; 
Not…
The post <a href="https://coinedition.com/sec-wont-approve-spot-etfs-other-than-btc-eth-cathie-wood/">SEC Won’t Approve Spot ETFs Other Than BTC, ETH: Cathie Wood</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC Won’t Approve Spot ETFs Other Than BTC, ETH: Cathie Wood

Coin Edition

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