Cathie Wood, CEO and chief investment officer of ARK Invest, said that the Ethereum spot ETF application was approved because cryptocurrency was an election issue. "The interpretation at the time was that it would not be approved, absolutely not approved. If it was approved in the usual way, we would be questioned by the U.S. Securities and Exchange Commission (SEC). But before that, no one received an inquiry from the U.S. SEC." She said. She also said that the Solana ETF may be approved, but funds focusing on meme coins are unlikely to be approved. In addition, ARK Invest will allocate a certain percentage of private equity fund income to support Bitcoin developers to ensure that they will receive continued support regardless of whether the ETF is profitable or not. (CoinDesk)