Is ETF Approval Possible for Solana and Meme Coins? Cathie Wood Answered!
Cathie Wood, CEO of ETF issuer Ark Invest, reviewed US ETF policy.
Cathie Wood spoke about ETFs in an interview with Peter McCormack, host of the What Bitcoin Did podcast, on stage at Consensus 2024.
Claiming that the presidential elections to be held in November were behind the US spot Ethereum ETF approval, Wood noted that the political atmosphere forced the SEC to do so.
He emphasized that while it was thought that Ethereum ETFs would be rejected just a few weeks ago, the general atmosphere has changed, especially with Donald Trump's inclusion of cryptocurrencies in the election race.
Is Solana and meme coin ETF possible?
Continuing his speech, the experienced name stated that an ETF approval for Solana is possible and added that Ethereum and Solana can be weighed on the same scales and the result will be close.
On the other hand, Wood, who does not expect an ETF approval for meme coins, reminded that such products are too speculative and that the SEC would not want to attempt such a business.