SEC Chair Gary Gensler is 'standing in the way' of a potential approval for a spot bitcoin ETF, said investor Cathie Wood.
Cathie Wood thinks its Securities and Exchange Commission Chair Gary Gensler who's standing in the way of proposed spot bitcoin ETFs, and not necessarily the agency itself.
"For me the disconnect is, they know so much, and they are so good that I believe this was much more Gary Gensler standing in the way. I don't know for sure because they could never say something like that," Wood said. "I just know from how we have discussed bitcoin with them that they really understand it, and they understand its merits."
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