Cathie Wood: The approval of the Ethereum ETF may be related to cryptocurrency becoming a key issue in the U.S. elections
PANews reported on May 30th, according to CoinDesk, ARK Invest founder Cathie Wood stated that the recent approval of Ethereum ETF applications may be related to cryptocurrency becoming a key issue in the upcoming U.S. elections. Wood pointed out that regulators might want to cater to voters' growing interest and demand for cryptocurrencies by approving these ETFs. She said that the proposed Ether ETF was not approved in the usual way.
Cathie Wood also stated that ARK's position is that Bitcoin (BTC) is a public product, and the Ark 21Shares Bitcoin ETF approved in January with a fee of 0.21% will not make money.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Peter Thiel fully liquidated his Nvidia holdings in Q3
Recall: Belief rewards will be distributed to eligible users this week
Data: SOL spot ETF saw a net inflow of $46.34 million last week, marking three consecutive weeks of net inflows.

Messari releases Filecoin Q3 report: Utilization rises to 36%, capacity shrinks to 3.0 EiB