Cathie Wood, the founder of asset management firm Ark Invest, expressed uncertainty about the utility of President Donald Trump’s coin on Wednesday, adding that her company has avoided memecoin investments.

The likelihood of the first memecoin-based exchange-traded funds (ETFs) is growing under new leadership at the US securities regulator, industry watchers told Cointelegraph. Despite the increasing ETF likelihood paired with the massive rally following the launch of President Donald Trump’s Official Trump (TRUMP) memecoin,

Cathie Wood is betting Donald Trump’s regulatory and growth agenda will revive the market for US initial public offerings.

Asset management company Ark Invest offers nine different investment funds, eight of which are available as exchange-traded funds, or ETFs. There are other ETFs with similar specialties. In other words,

Renowned investor Cathie Wood, CEO of Ark Invest believes President Donald Trump's second administration could breathe new life into the struggling initial public offering landscape, potentially creating significant opportunities for investors and venture funds.

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Cathie Wood, founder of ARK Investment Management LLC, has expressed her expectation for a revival in the US initial public offerings (IPO) market, propelled by Donald Trump's regulatory and growth agenda.