Cathie Wood, chief executive and chief investment officer of ARK Invest, said in an interview with Bloomberg: "We don't know if President Trump's memecoin [TRUMP] has much utility, but Trump is ushering in the next phase of the crypto revolution." Cathie Wood also mentioned that she will not buy TRUMP because she only owns the "Big Three" (BTC, ETH, SOL), but she also doesn't think memes are anything "scary" and they may be practical at some point.