Ark’s Wood Says Gensler ‘Denigrated’ Crypto With His Statement

Ark Investment Management’s Cathie Wood said she was surprised by the statement released by US Securities and Exchange Commission Chair Gary Gensler shortly after his agency Wednesday approved around a dozen exchange-traded funds that directly hold Bitcoin.

• “He just denigrated the whole crypto space. I couldn’t believe it,” Wood said on a Bloomberg Radio interview aired on X, the social network formerly known as Twitter. “This is par for the course in disruptive innovation”
• Wood added that given the SEC’s “trepidation,” institutions she said will just have to “work through” with more diligence
• “It’s the old DNA basically bashing the ...