A lady named Cathie Wood, who runs a big company called ARK Investment Management, thinks that only two types of digital money, bitcoin and ether, will be allowed by the people in charge of money rules. She says this because her company already got permission to make something like a special piggy bank for bitcoin, but they are trying to do the same for another type of digital money called ether. Other companies also want to make similar things for ether and other types of digital money, but we have to wait and see what the people in charge will say. Cathie Wood thinks more people will start using bitcoin instead of gold, which is another way to keep their money safe. Read from source...

- The title is misleading and sensationalist, as it implies that only bitcoin and ether will be approved by the SEC, while the actual quote from Wood is that she would be surprised if anything but those two cryptocurrencies are approved. This leaves open the possibility of other cryptocurrencies being approved in the future.
- The article uses vague terms such as "spot exchange-traded funds" and "crypto asset manager" without explaining what they mean or how they differ from traditional ETFs or fund managers.
- The article mentions that the SEC has yet to provide a clear stance on the classification of ETH, but does not mention why this is important or how it affects investors and the market. It also does not explain the difference between bitcoin and ether in terms of their technological features, use cases, and potential as investment assets.
- The article cites Wood's prediction that bitcoin will substitute gold as an inflation hedge, without providing any evidence or analysis to support this claim. It also does not mention the counterarguments or challenges that bitcoin faces in becoming a mainstream store of value, such as its volatility, lack of fundamentals, and regulatory risks.
- The article ends abruptly with an incomplete sentence about Bitcoin ownership patterns, without providing any context or relevance to the rest of the story. It also does not mention how the launch of a spot bitcoin ETF affected the price of bitcoin or other cryptocurrencies.

Bullish

Summary:
Cathie Wood, CEO of ARK Investment Management, predicts that the SEC will likely approve spot ETFs holding only Bitcoin and Ether. She also discussed the shift from gold to Bitcoin and the long-term holding patterns of Bitcoin owners.