Cathie Wood Was Asked If She Would Buy TRUMP Coin, Here’s What She Said – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

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.

What Happened: During an interview with Bloomberg TV, Wood labeled the launch of Official Trump (TRUMP) as part of a “memecoin moment,” but only time will tell if it becomes useful in some way.

“I mean there is speculation that you’ll get to meet President Trump as one of the utilities of owning this coin. I don’t know if that’s the case or not. But so far, we don’t know of much utility for this coin, except that it is a meme coin of President Trump,” the…

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Bitcoin, Ethereum ETFs Attract Record Inflows Despite Market Volatility, Policy Uncertainty – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Bitcoin BTC/USD and Ethereum ETH/USD spot ETFs registered inflows of $3.26 billion and $74.43 million, respectively, over the past four days.

The surge comes despite President Donald Trump‘s unexpected omission of crypto-talk in his inauguration speech and the following volatility in the cryptocurrency market.

The record inflow occurred on Jan. 17, Sosovalue data shows. Some $1.08 billion flowed into various Bitcoin funds. On Jan. 21, the inflows were $802.5 million.

Bitcoin ETFs

BlackRock’s iShares Bitcoin Trust IBIT gained the most with $661.86 million net inflows.

Grayscale’s Bitcoin Mini Trust BTC saw an inflow of $136.39 million

ARK 21Shares Bitcoin ETF… Read more on Benzinga