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Cathie Wood predicts SEC's approval limited to Bitcoin and Ethereum spot ETFs

Cathie Wood predicts SEC's approval limited to Bitcoin and Ethereum spot ETFs

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Cathie Wood thinks the SEC will likely only approve Bitcoin and Ethereum spot ETFs, not other cryptos. It’s a tough call, although not without some valid reasoning: regulators still see tokens differently, so easier access products may initially stay limited to BTC and ETH. ETFs for other tokens in the crypto world could follow if approved ETFs succeed as expected, feeding further mainstream appetite. Solana ETF? BNB ETF? XRP ETF? We’ll have to wait and see.

This week, one such promising sign is Bitcoin topping $50,000 again, this time with Wall Street money flowing, steadier retailer hands, impending supply drops, and forgiving rate policies in the mix. Data shows the landscape vastly improved over past failed runs. Renewed institutional vectors may have sticking power, too, if macro tailwinds persist.

Extreme optimism now permeates crypto markets per a widely-followed greed index, echoing the same sentiments when Bitcoin last peaked in late 2021 at roughly $69k. But long-term holders have a renewed potential beyond trading if fundamentals strengthen, not just fleeting hype. As the short-term signal validates the industry’s enduring hope, the goal remains — building sound and sustainable ecosystems that would unlock a truly decentralized future.

Today’s Newsletter

  • Cathie Wood predicts SEC’s approval limited to Bitcoin and Ethereum spot ETFs
  • Bitcoin trades above $50K again — but it’s very different this time
  • Crypto greed index goes extreme, reaches highest level since 2021

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Data powered by CoinGecko.

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REGULATION

Cathie Wood predicts SEC’s approval limited to Bitcoin and Ethereum spot ETFs

Cathie Wood said regulators would likely only allow Bitcoin and Ethereum spot ETFs, not other crypto tokens. The SEC sees assets differently and is still working out how it will enforce compliance. That said, easier investment access for blue chips could encourage officials to expand approved products if they take off well.

Wood’s ARK Invest aims for an Ethereum ETF itself, alongside asset giants like BlackRock. Given how Bitcoin vehicles launched smoothly, investors increasingly buy the logic that it will get approved. But the SEC stays hesitant, pending more token oversight guardrails, only letting the biggest names pass through slowly. How regulators balance open doors against averting risks sets the pace. [cryptobriefing]

BITCOIN

Bitcoin trades above $50K again — but it’s very different this time

Bitcoin bounced back over $50,000 this week on the back of upbeat macro shifts. Steady ETF inflows, calmer retailers, halving hype, and easier money tilt the field versus past failed runs. In general, it’s a better climate for crypto. On-chain experts highlight the vastly improved landscape as signs this isn’t a repeat breakdown.

Most agree the scene looks night and day, compared to the dark and gloomy scenes around the past couple of year’s meltdowns. Gone are shaky stablecoin empires, half-baked bonds, and terrified traders. Patient institutional money replaced skittish investors, lured by better fundamentals. There’s still a lot of work ahead, but data suggests stronger foundations are pushing Bitcoin—and everyone’s spirits—forward. [cointelegraph]

MARKETS

Crypto greed index goes extreme, reaches highest level since 2021

Crypto’s widely followed greed index just hit its highest point since 2021. The “Extreme Greed” view shows revived bullish spirits permeating the industry. This comes as Bitcoin mounts its first solid attempt over $50,000 (and stays beyond that, hopefully).

Past greed booms crashed because fleeting fads masked shaky fundamentals. But supporters say robust infrastructure like spot ETF conduits helps sustain optimism this time, despite the warranted caution. The big question remains to translate short-term euphoria into long-term moderation and to secure the alpha cryptocurrency’s regained footing.

What’s clear to see here is this: crypto has staying power, and it inspires us all. Until when and how far can it go? That remains to be seen. WAGMI. [cryptobriefing]

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