Ark Invest's Cathie Wood believes Ethereum ETF approval is linked to US politics, also sees likelihood of a Solana ETF

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ARK Invest CEO Cathie Drink has declared that cryptocurrency has become A significant policy issue In WE. elections, leading has THE unexpected approval of key Ethereum ETH/USD ETFs deposits.

What Arrived: Drink do This REMARK has Consensus 2024, as reported by CoinDesk, assign THE suddenly approval of Ether ETFs deposits has THE growth importance of cryptocurrency In WE. election debates.

Drink Express surprise has THE approval, declaring, "THE read was he was not while going has be approved. He was absolutely not while going has be approved." She further explain that THE feeling around THE Financial Innovation And Technology For THE 21 Century Act (FIT21) evolved In THE Home, leading has It is recent bipartisan approval.

Drink Also sharp out ancient President Donald Trump's increasing comfort with Bitcoin And other cryptocurrencies, including her recent decision has accept campaign donations In crypto, as A postman that has drawn attention has THE sector.

See Also: Shiba Inu, dog hat Job Double digits Earnings As Coins Raise your shoulders Disabled Dips In Bitcoin, Ethereum: What is this Goi

While Drink suggested that A Solana SOL/USD ETFs could be approved, She judge even focused on coins funds unlikely, declaring that big brokerage companies And investment advisory companies would be not accept more that "THE major. »

For what He Imported: Woods comments come In THE wake up of her earlier predictions about THE potential of cryptocurrencies, especially Bitcoin ETF/USD. In April 2024, She raised her Bitcoin prediction by $2.3 million, suggesting that A $1,000 investment could be value A significant Rising by 2030.

Despite Ether recent projector due has THE ETFs approvals, Drink maintained her bullish feeling on Bitcoin, declaring, “Bitcoin, hands down. No question about he. He East A global monetary system. He East A technology, And he East A new active class. »

Earlier This week, She Also Underlines how El that of Salvador push For Bitcoin And AI could potentially increase It is GDP 10X In five years.

ARK 21Bitcoin Shares ETFs ARKB attracted influx of $4 million on Can 29, And around $ 3 billion Since THE AND F begin trade In January, according to has So much, so much Value.

Read Following: Bitcoin, Ethereum, Dogecoin Edge Lower As Inflation Fears Handle Investors: Less And Less Of King Cryptocurrency Available For Masses, A 'Huge' Bull Walk Inevitable, Said Analyst

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