Cathie Wood Discusses Future of Crypto ETFs and Wallets at Solana Event

According to BlockBeats, ARK Invest CEO Cathie Wood shared insights at the Solana Accelerate event in New York on May 23. She emphasized that while crypto wallets are expected to become more widespread, crypto ETFs will maintain a significant role in the market due to their user-friendly nature. Wood described ETFs as an essential transitional tool, highlighting that many consumers prefer the simplicity of "pushing a button" to invest, compared to the complexities of wallet operations. She noted that wallets would serve more as an "insurance mechanism," whereas ETFs cater to users seeking convenience. Wood also pointed out that the lack of staking support in spot Ethereum ETFs has affected their market performance. Despite this, Ethereum remains the primary entry point for new users to understand the smart contract ecosystem, though there may be a gradual shift towards other chains like Solana in the future. She mentioned that the issuance of the TRUMP memecoin on the Solana network by U.S. President Donald Trump could cause some institutional investors to be cautious, as such events might deter older investors. Additionally, Wood revealed that her team is currently studying Solana's pricing model and plans to release their findings upon completion. Previously, ARK had increased its 2030 Bitcoin bull market price forecast from $1.5 million to $2.4 million.