On May 25, ARK Invest CEO Cathie Wood stated at the Solana Accelerate event held in New York on May 23 that despite the broader adoption of crypto wallets in the future, crypto ETFs will continue to have a place in the market long-term, as they provide users with a more convenient participation method.
She said: "ETF is an important transitional form. Compared to the complexity of wallet operations, many consumers simply want to invest by 'pressing a button'." Wood emphasized that wallets will be more like a "insurance mechanism", while ETFs are suitable for users seeking convenience.
Wood also mentioned that the spot Ethereum ETF does not support staking functionality, which has affected its market performance, and pointed out that Ethereum remains the preferred entry point for new users to understand smart contract ecosystems, and may gradually shift towards chains like Solana in the future. She simultaneously noted that the event of Trump issuing a TRUMP memecoin on the Solana network might make some institutional investors cautious, "such events could potentially scare away some older investors."
Wood stated that her team is studying Solana's pricing model and will publish their findings after completing the research. Previously, ARK had raised its Bitcoin bull market price expectation for 2030 from $1.5 million to $2.4 million. (Cointelegraph)
