ETH - Cathie Wood Of Ark Invest Believes Ethereum ETF Approval Linked To US Politics Sees Likelihood Of A Solana ETF As Well | Benzinga
ARK Invest CEO Cathie Wood has stated that cryptocurrency has become a significant political issue in U.S. elections, leading to the unexpected approval of key Ethereum (CRYPTO: ETH) ETF filings.
What Happened: Wood made this remark at Consensus 2024, as reported by CoinDesk, attributing the sudden approval of Ether ETF filings to the growing importance of cryptocurrency in U.S. election debates.
Wood expressed surprise at the approval, stating, “The read was it was not going to be approved. It was absolutely not going to be approved.” She further explained that the sentiment around the Financial Innovation and Technology for the 21st Century Act (FIT21) evolved in the House, leading to its recent bipartisan approval.
Wood also pointed out former President ...