Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Cathie Wood calls ETH ETF approval political and praises El Salvador’s approach to BTC.
ETHEREUM NEWS

Cathie Wood calls ETH ETF approval political and praises El Salvador’s approach to BTC.

By Crypto FlexsJune 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cathie Wood calls ETH ETF approval political and praises El Salvador’s approach to BTC.
Share
Facebook Twitter LinkedIn Pinterest Email

ARK Invest CEO and CIO Cathie Wood claimed on May 29 that the US SEC approved the Ethereum ETF for political reasons.

In Coindesk’s Consensus 2024, Wood identified two circumstances that he suspects contributed to the SEC’s shift in sentiment. First, she said the House’s recent passage of FIT21 defined cryptocurrencies as an election issue.

Second, she said former US President Donald Trump was “much more familiar with Bitcoin and cryptocurrencies” around the time he made his decision on the spot ETH ETF.

Trump began accepting campaign donations in cryptocurrency during endorsement week, which Wood believes has caught the attention of Joe Biden’s administration.

Samsung Electronics suddenly changed its position

Wood said the U.S. SEC “will never approve” the various spot ETH ETFs pending before suddenly changing its stance.

If the SEC had approved the funds in the usual way, Ark and other issuers would have faced questions from the agency. But that’s not the case. Wood said:

“No one received any questions from the SEC in advance.”

However, on May 23, the SEC approved a rule change that would allow the listing and trading of eight spot ETH ETF funds, including the joint offering of Ark and 21 Shares.

Wood expressed mixed opinions on whether other cryptocurrency ETFs could also receive approval following the ETF’s approval. She said Wirehouses could accept ETFs linked to major cryptocurrencies, including Solana, but Memecoin funds were unlikely.

Bukele’s El Salvador Policy

The Ark Invest CEO also commented on El Salvador, praising the country’s Bitcoin policy after recently meeting with President Nayib Bukele.

Wood said Bukele’s handling of Bitcoin, AI and other areas could expand El Salvador’s GDP tenfold during his next five-year term. She described Bitcoin and AI as “two of the biggest economic and technological revolutions in history.”

She added:

“The President also jumped on the idea of ​​introducing ARK Educate’s curriculum on technologically enabled innovations to schools in El Salvador.”

The curriculum includes blockchain, AI, robotics, energy storage, and multinomics.

President Bukele is known for his various cryptocurrency policies. The government of El Salvador holds at least 5,700 BTC, has implemented a plan to mine BTC and generate revenue from local businesses, and has extended a citizenship offer to Bitcoin investors.

Mentioned in this article
recent Messiah story
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

One -inch is a $ 5 million hack due to the vulnerability of smart contracts.

March 7, 2025

The price of Etherrium is close to $ 2,200. The reason why 13% conflict can follow

March 25, 2025

Key trends and things to watch for in September

September 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.