Ark Invest CEO CATIE WOOD said the Crypto Exchange Trade Fund (ETF) said that it will maintain its position in the economy regardless of how the adoption of cryptocurrency is widely used over the next decade.
Wood said on May 23 at the Solana Accelerate event in New York, “I think ETF is an important stepping stone, because the wallet looks so complicated because there’s a lot of friction for consumers, so I want to press the button.
The wallet remains as an insurance policy, Wood says.
“I don’t think ETFs for those who want convenience will lose their luster a lot,” she said. “But they will be a stepping stone on the wallet.” The wood repeated the additional protection layer provided by the password wallet.
“This is an insurance policy for wrong things in the traditional world.”
According to Bitbo data, there are about 200 million active Bitcoin (BTC) wallets worldwide. Meanwhile, on May 23, the trading week, on May 22, saw about $ 27.5 billion in the US -based Bitcoin ETF, which matches Bitcoin for $ 111,970.
According to FARSIDE DATA, about $ 44.9 billion has been recorded since the Spot Bitcoin ETF began in the United States in January 2024. Meanwhile, SPOT ETHER (ETH) ETF has shown about $ 27.7 billion since its launch in July 2024.
WOOD said, “It’s less successful than people expect,” said the US Securities and Exchange Commission. On May 21, the SEC delayed the decision of BITWISE’s application, which decided to add stay to the ether exchange trading fund.
But Wood is still seeing Ether as an entry point where a new investor gets used to smart contracts before exploring other cryptocurrencies, such as Solana (SOL).
Wood said, “So they can start with Ether in the smart contract world, but I think they will arrive if they study technology, follow developers and see consumers’ absorption.
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Wood said in January that the launch of US President Donald Trump’s official Trump (Trump) could make investors skeptical by Solara.
Wood says, “The institution and you are talking about 60 -year -old people. I think they’ll be a little off due to what’s happening as a Trump memo.
Wood said. Her opinion repeated that Bitcoin is so easy to explain to “boomer or torture” with digital gold in response to ETF analyst Eric Balchunas, but other cryptocurrencies are “harder.”
Wood said she is still finishing the Solana price goal and will share it when the research is completed.
In April, ARK raised the “Bull Case” Bitcoin price target from $ 1.5 million to $ 2.4 million by the end of 2030, and increased the acceptance of institutional investors and Bitcoin’s “Digital Gold”.
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