Cathie Wood Doubts SEC Approval for Crypto ETFs Beyond Bitcoin and Ethereum.

This sentiment follows Franklin Templeton’s recent submission to the SEC, seeking approval for the launch of a spot Ethereum ETF.

Cathie Wood, founder of ARK Investment Management, has expressed skepticism regarding the Securities and Exchange Commission’s (SEC) stance on approving spot exchange-traded funds (ETFs) following cryptocurrencies beyond Bitcoin and Ethereum.

Wood’s sentiment was echoed in her recent remarks on WSJ’s Take On the Week podcast: “We’d be surprised to see anything but Bitcoin and Ether being approved by the SEC.”