ARK Invest

Ethereum ETF Approval: Cathie Wood Sparks Controversy, Hints at Political Play

May 30, 2024
ARK Invest CEO Cathie Wood stirred controversy by suggesting the recent approval of Ethereum Exchange-Traded Fund (ETF) proposals may have been driven by political considerations rather than standard regulatory procedures, citing a lack of communication from the SEC and former President Trump’s growing affinity for cryptocurrencies. Wood, known for her bullish stance on cryptocurrencies, expressed