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International Business Times
International Business Times
Business
Nica Osorio

Gensler 'Denigrated The Whole Crypto Space' After Approving Bitcoin ETF: ARK's Cathie Wood

Cathie Wood Bitcoin Gary Gensler ARK SEC ETF Crypto Ark Invest United States Cryptocurrency
Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. (Credit: Reuters / DAVID SWANSON)

KEY POINTS

  • The SEC greenlit the spot Bitcoin ETF applications on Wednesday
  • Cathie Wood expressed her disappointment with Gensler's latest statement
  • In Ocotber, Wood said Gensler is standing in the way of spot Bitcoin ETF in the U.S.

Cathie Wood, the American investor, founder and CEO of the investment management firm ARK Invest, said that the cautionary statements from the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler, following the regulatory agency's approval of the Bitcoin exchange-traded fund (ETF) in the U.S., "denigrated the whole crypto space."

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