Bloomberg Talks Ark Investment's Cathie Wood Talks ARKW, TikTok's Future
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Jan 22, 2025 
Cathie Wood, the visionary CEO, CIO, and Founder of Ark Investment Management, shares insights on ARKW's performance post-election and the evolving landscape for TikTok. Wood discusses how recent political shifts are influencing the crypto market, including new ETF filings. She highlights innovative investment strategies and the role of AI in healthcare. The conversation also touches on TikTok's valuation challenges and the competition from private companies like SpaceX in the ETF space, painting a picture of a rapidly changing investment climate.
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Trump's Crypto Stance
- Cathie Wood believes Donald Trump is committed to crypto.
- She mentions his launch of meme coins and appointment of a pro-crypto SEC commissioner.
Meme Coin ETFs
- A new filing proposes ETFs tracking meme coins like Doge and Trumpcoin.
- Wood believes the SEC will approve if they follow regulations.
Trumpcoin's Utility
- Trumpcoin is considered a meme coin with speculative utility, like meeting Trump.
- Its value is primarily driven by its association with Trump.