ARK Invest’s Cathie Wood stated she wouldn’t invest in the TRUMP memecoin due to its lack of utility, reaffirming her focus on Bitcoin, Ethereum, and Solana. Industry analysts suggest that the likelihood of memecoin-based ETFs—including TRUMP, Dogecoin (DOGE), and Bonk (BONK)—has increased under the U.S. SEC’s new leadership.
TRUMP, DOGE, and BONK ETFs More Likely Under SEC’s New Leadership
The first wave of memecoin ETF applications has gained momentum, partly due to the SEC’s shifting leadership. Following the launch of the official TRUMP memecoin by the Trump family, cryptocurrency ETFs have seen a surge in interest.
Dmitrij Radin, Founder of Zekret and CTO of Fideum, noted:
"With Trump’s crypto-friendly SEC appointments, approvals for TRUMP, BONK, and DOGE ETFs are more probable. This bold move could bring liquidity and mainstream legitimacy to memecoins."
👉 Explore the impact of memecoin ETFs on mainstream finance
Cathie Wood’s Stance: No Utility in TRUMP Coin, Focus Remains on Top Cryptos
In a January 22 Bloomberg interview, Wood dismissed the TRUMP memecoin’s utility, comparing the trend to 2017’s ICO boom:
"The coin has no utility beyond being a souvenir. My focus stays on Bitcoin, Ethereum, and Solana—assets with proven use cases."
Trump Family May Expand Crypto Ventures on Ethereum
Ethereum co-founder Joseph Lubin speculated that the Trump family could develop large-scale Ethereum-based businesses, aligning with pro-innovation policies.
👉 Why Ethereum’s scalability matters for institutional adoption
U.S. Court Overturns Tornado Cash Sanctions in Landmark Ruling
A Texas court reversed OFAC’s sanctions against Tornado Cash, marking a pivotal win for privacy-focused crypto technologies. The ruling challenges previous claims that the mixer facilitated money laundering.
Phemex Halts Withdrawals Amid $29M Suspicious Outflows
Blockchain security firm Cyvers flagged unusual transactions from Phemex’s hot wallets, prompting the exchange to freeze withdrawals temporarily.
DeFi Market Update
This week’s top performers:
- TRUMP memecoin: +429%
- Raydium (RAY): +38%
Total Value Locked (TVL) in DeFi. Source: DefiLlama
FAQ
1. Why won’t Cathie Wood invest in TRUMP coin?
She prioritizes assets with clear utility (e.g., Bitcoin) and views memecoins as speculative.
2. What increases the chances of memecoin ETF approvals?
The SEC’s new leadership and growing retail interest in memecoins.
3. How significant is the Tornado Cash ruling?
It sets a precedent for balancing privacy tech with regulatory oversight.
4. Is Phemex’s fund outflow a security breach?
Investigations are ongoing; users should monitor official updates.
5. Could Trump’s Ethereum ventures reshape crypto policies?
Potentially, if aligned with pro-innovation regulatory frameworks.
Stay informed with our weekly DeFi insights—combining analysis, trends, and critical developments.