TRUMP, DOGE, BONK ETF approvals likely, but Cathie Wood won’t invest: Finance Redefined
ARK Invest’s Cathie Wood said she won’t buy the Trump token due to its lack of utility, as she remains focused on Bitcoin, Ether and Solana.
The likelihood of the first memecoin-based exchange-traded funds (ETFs) is growing under new leadership at the US securities regulator, industry watchers told Cointelegraph.
Despite the increasing ETF likelihood paired with the massive rally following the launch of President Donald Trump’s Official Trump (TRUMP) memecoin, ARK Invest’s Cathie Wood said she would not be investing in the token, with her focus remaining on the three largest cryptocurrencies.
The first wave of memecoin-based ETFs is gaining traction, partly due to new leadership at the US Securities and Exchange Commission.
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Author: Zoltan Vardai
