Ark Invest’s Cathie Wood Forecasts Limited Cryptocurrency ETF Approvals

Cathie Wood, CEO of Ark Invest, expects limited cryptocurrency ETF approvals.

Wood anticipates approval only for Bitcoin (BTC) and Ethereum (ETH) ETFs.
Cryptocurrencies seen as securities may not get corresponding ETF approvals.
SEC Chair Gary Gensler considers Bitcoin a commodity; Ethereum’s status is unclear.

CFTC Chair Rostin Benham views Ethereum as a commodity.
Benham’s stance suggests a common approach for Bitcoin and Ethereum.
Gensler clarifies recent spot Bitcoin ETF approvals don’t guarantee broader approvals.
Approvals are “cabined” to Bitcoin, offering little insight into the SEC’s stance on other assets.

Ark and 21Shares provide four variations of Bitcoin and Ethereum futures strategies ETFs.
Variations labeled ARKA, ARKC, ARKY, and ARKZ.
Ark’s Cathie Wood says the SEC probably will only approve BTC and ETH ETFs

Ark Invest’s Cathie Wood Forecasts Limited Cryptocurrency ETF Approvals

Ark pursues a spot in Ethereum ETF, recently amending its application.
SEC to decide on approval or rejection in May, coinciding with a VanEck proposal.
Interest in an XRP ETF beyond Bitcoin and Ethereum.
No U.S.-based XRP fund exists.

Ark’s partner, 21Shares, offers an XRP ETP in the Swiss market under AXRP.
Cathie Wood’s expectations suggest a selective approach by the SEC.
Bitcoin and Ethereum are likely candidates for approval.
Other cryptocurrencies face uncertainty.

The regulatory landscape, especially Gensler’s statements, requires cautious optimism.
Wood’s statement was made in the “Take On the Week” podcast.
Cryptocurrencies’ status as securities impacts ETF approval.
SEC’s treatment of Bitcoin and Ethereum might be similar.
Gensler’s stance on Ethereum remains unclear.

Rostin Benham’s identification of Ethereum as a commodity was noted.
No guarantee SEC will not regulate Ethereum as a security.
Gensler’s confirmation that recent Bitcoin ETF approvals do not indicate broader approvals.
Gensler’s January statement about approvals “cabined” to Bitcoin.
Ark’s approval for ARK 21Shares Bitcoin ETF with 21Shares.

Four variations of Bitcoin and Ethereum futures strategies ETFs are offered.
ARKA focuses on Bitcoin futures strategies.
ARKC, ARKY, and ARKZ provide variations on Bitcoin and Ethereum strategies.
Ark’s pursuit of a spot in Ethereum ETF.

A recent amendment to the application for the spot Ethereum ETF.
SEC’s decision on spot Ethereum ETF is expected in May.
VanEck’s similar proposal is also due for decision in May.
XRP ETF attracts significant interest among investors.
No existing or proposed U.S.-based XRP fund.

21Shares offers XRP ETP in the Swiss market under AXRP.
Cathie Wood’s role as CIO and CEO of Ark Invest.
Limited cryptocurrency ETF approvals anticipated by Wood.
Wood’s surprise at approval for anything other than Bitcoin and Ethereum.

Cryptocurrencies as securities impact ETF approval possibilities.
Gary Gensler’s historical classification of Bitcoin as a commodity.
Uncertain stance on Ethereum’s classification by Gensler.
Rostin Benham’s identification of Ethereum as a commodity.

No guarantee SEC won’t regulate Ethereum as a security.
Gary Gensler’s clarification on recent spot Bitcoin ETF approvals.
Limited scope of recent Bitcoin ETF approvals according to Gensler.
Ark’s partnership with 21Shares for ARK 21Shares Bitcoin ETF.
Approval was granted in January for ARK 21Shares Bitcoin ETF.

Four variations of Bitcoin and Ethereum futures strategies ETFs are offered by Ark and 21Shares.
Labels for variations include ARKA, ARKC, ARKY, and ARKZ.
Ark’s pursuit of a spot in Ethereum ETF.
Amendment made to the application for the spot Ethereum ETF.
SEC’s decision on the spot Ethereum ETF is expected in May.

VanEck’s similar proposal is also due for decision in May.
Interest in an XRP ETF beyond Bitcoin and Ethereum.
No existing or proposed U.S.-based XRP fund.
21Shares offers XRP ETP in the Swiss market under AXRP.

Cathie Wood’s expectations suggest a selective approach by the SEC.
Bitcoin and Ethereum are likely candidates for approval.
Other cryptocurrencies face uncertainty.
The regulatory landscape, especially Gensler’s statements, requires cautious optimism.

Wood’s statement was made in the “Take On the Week” podcast.
Cryptocurrencies’ status as securities impacts ETF approval.
SEC’s treatment of Bitcoin and Ethereum might be similar.
Gensler’s stance on Ethereum remains unclear.

Rostin Benham’s identification of Ethereum as a commodity was noted.
No guarantee SEC will not regulate Ethereum as a security.
Gensler’s confirmation that recent Bitcoin ETF approvals do not indicate broader approvals.
Gensler’s January statement about approvals “cabined” to Bitcoin.

Ark’s approval for ARK 21Shares Bitcoin ETF with 21Shares.
Four variations of Bitcoin and Ethereum futures strategies ETFs are offered.
ARKA focuses on Bitcoin futures strategies.
ARKC, ARKY, and ARKZ provide variations on Bitcoin and Ethereum strategies.

Ark’s pursuit of a spot in Ethereum ETF.
A recent amendment to the application for the spot Ethereum ETF.
SEC’s decision on spot Ethereum ETF is expected in May.
VanEck’s similar proposal is also due for decision in May.

XRP ETF attracts significant interest among investors.
No existing or proposed U.S.-based XRP fund.
21Shares offers XRP ETP in the Swiss market under AXRP.
Cathie Wood’s role as CIO and CEO of Ark Invest.

Limited cryptocurrency ETF approvals anticipated by Wood.
Wood’s surprise at approval for anything other than Bitcoin and Ethereum.
Cryptocurrencies as securities impact ETF approval possibilities.
Gary Gensler’s historical classification of Bitcoin as a commodity.

Uncertain stance on Ethereum’s classification by Gensler.
Rostin Benham’s identification of Ethereum as a commodity.
No guarantee SEC won’t regulate Ethereum as a security.
Gary Gensler’s clarification on recent spot Bitcoin ETF approvals.

Limited scope of recent Bitcoin ETF approvals according to Gensler.
Ark’s partnership with 21Shares for ARK 21Shares Bitcoin ETF.
Approval was granted in January for ARK 21Shares Bitcoin ETF.
Four variations of Bitcoin and Ethereum futures strategies ETFs are offered by Ark and 21Shares.

Labels for variations include ARKA, ARKC, ARKY, and ARKZ.
Ark’s pursuit of a spot in Ethereum ETF.
Amendment made to the application for the spot Ethereum ETF.

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