Cryptocurrency

Cathie Wood doesn’t expect the SEC to approve ETFs backed by tokens beyond bitcoin, ether

The US Securities and Exchange Commission approved bitcoin exchange-traded funds in January

Cathie Wood's ARK Investment Management launched a bitcoin ETF last month
Cathie Wood's ARK Investment Management launched a bitcoin ETF last month Photo: PATRICK T. FALLON/AFP via Getty Images)

Cathie Wood isn’t expecting the Securities and Exchange Commission to approve spot exchange-traded funds holding cryptocurrencies other than bitcoin and ether.

“We'd be surprised to see anything but bitcoin and ether being approved by the SEC,” Wood, founder of ARK Investment Management, said in an interview with WSJ's Take On the Week podcast.

WSJ Logo