Ramazan Eles 
Cathie Wood, CEO of Ark Invest, expressed skepticism about the approval of numerous cryptocurrency ETFs in the US. During a recent Wall Street Journal podcast, she stated, “We’d be surprised to see anything but Bitcoin and Ethereum being approved by the SEC.”
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Cathie Wood’s prediction aligns with SEC Chair Gary Gensler’s stance on Bitcoin as a commodity, though his opinion on Ethereum remains unclear. Interestingly, the CFTC Chair also classified Ethereum as a commodity, hinting at potential regulatory similarities between the two major cryptocurrencies.
Gensler further emphasized that recent Bitcoin ETF approvals don’t guarantee broader adoption for other assets.
Despite regulatory hurdles, Ark Invest remains actively involved in the Bitcoin and Ethereum ETF landscape. Partnering with 21Shares, they offer the ARKB Bitcoin ETF and various futures strategies ETFs for both Bitcoin and Ethereum. Additionally, Ark awaits a decision on their spot Ethereum ETF application in May, alongside a similar proposal from VanEck.
While investor interest in an XRP ETF exists, no such product is currently available in the US. However, Ark’s partner, 21Shares, offers an XRP ETP in the Swiss market, highlighting the global reach of certain crypto-related investments.