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Benzinga
Benzinga
Business
Samyuktha Sriram

Cathie Wood: SEC Rejecting ARK Invest Spot Bitcoin ETF 'Makes No Sense'

Cathie Wood SEC Bitcoin ARK Ark Invest ETF Ark Investment Crypto

Cathie Wood, founder and CIO of ARK Investment Management, thinks the U.S. Securities and Exchange Commission's (SEC) decision to reject a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) “makes no sense.”

What Happened: Wood made an appearance at the FTX/SALT Crypto Bahamas conference on Wednesday, Decrypt reported, where she addressed the regulator’s decision to reject ARK’s bid for a Bitcoin ETF earlier this month.

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