The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund (ETF), and Ark Invest’s Cathie Wood believes she may have identified the reason.
Making a special appearance on CNBC’s Squawk Box earlier today, the veteran investor and founder of one of the largest US asset management firms said the SEC boss’ political dreams might be a huge hindrance in the approval of a Bitcoin spot ETF.
CATHIE WOOD: Gensler's reluctance toward a spot #Bitcoin ETF stems from his fear of manipulation, despite teaching about #Bitcoin at MIT
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