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Cathy Wood: The US Securities and Exchange Commission will only approve Bitcoin and Ethereum ETFs

In an interview with the Wall Street Journal, ArchEvent CEO Kathy Wood said she doesn't expect regulators to allow many cryptocurrency ETFs to be launched. "We would be surprised to see anything other than Bitcoin and Ethereum approved by the US Securities and Exchange Commission," he stated. The Wall Street Journal notes that Gary Gensler has described Bitcoin as a commodity in the past, but his stance on Ethereum is unclear. Also, Gensler's past statements confirm that the launch of spot Bitcoin ETFs does not imply the launch of ETFs for other cryptocurrencies.