opinion

Ark Invest's Cashwood says U.S. government unlikely to approve spot ETFs outside of bitcoin and ethereum, while Bloomberg says ETH spot ETF less likely than bitcoin

With Franklin Templeton, a global asset manager and one of the first issuers of a bitcoin spot ETF, filing an application to launch an Ethereum (ETH) spot ETF with the U.S. Securities and Exchange Commission (SEC) last night, Ark Invest CEO Cashwood said in a Wall Street Journal (WSJ) podcast interview, "I don't think the SEC will approve a spot ETF for cryptocurrencies other than bitcoin," but Bloomberg ETF analyst James Seyffart, who specializes in ETH, told X that there's a 60 percent chance an ETH spot ETF will be approved. "I wouldn't say there's a 0% chance of SEC approval. But it's a lot less certain than it was with the bitcoin spot ETF."

Gary Gensler “I never said that BTC and ETH are securities, and they were unlikely to influence the outcome of the presidential election.”

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview with the media, “Neither I nor my predecessor, Jay Clayton, have ever said that Bitcoin is a security.” Ethereum has never said that it is a security. The SEC has never said that

blockchain crypto cryptocurrency michael saylor microstategy CEO (SpotedCrypto)

Michael Saylor “Investing in government bonds is like... Companies should invest in BTC”

Michael Saylor, the founder of MicroStrategy (Nasdaq ticker: MSTR), which holds the most Bitcoin on a single company basis, said at the 2025 ICR Conference, a global investment conference, “Traditional bonds such as government bonds are like poison, and companies should turn their attention to investing in Bitcoin.” He said,

blockchain crypto cryptocurrency Peter Brandt BTC forming head-and-shoulders (SpotedCrypto)

BTC forming head-and-shoulders pattern

Peter Brandt, a famous American trader, said in X that “Bitcoin is currently showing a typical head-and-shoulders pattern. If the pattern fits, there are three possible outcomes: ▲the pattern is completed and the trend reverses, ▲the bear trap fails to turn the trend downward, or ▲a larger pattern forms. The

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