CEO Cathy Wood, CEO of Arc Invest, says the Crypto Exchange-Trade Fund (ETF) will probably maintain its place in the economy, no matter how big a crypto wallet to adopt in the next decade.
“I think ETFs are an important step stone because, you know, purse looks very complex, so much friction for consumers, they just want to push a button,” wood Said On May 23 at Solana Accentrate Event in New York.
Wood is an insurance policy, wood says
“So I do not think the ETFs who want the ETF for those people, I will lose a lot of brightness,” he said. “But they will be a step stone in the wallet-based.”
“These are insurance policies against something wrong in the traditional world.”
Bitbo data It states that there are about 200 million active bitcoins (BTC) Wallet around the world. Meanwhile, the trading week ended May 23 saw a flow of $ 2.75 billion. US-based spot bitcoin ETFTo reach a new all-time high of $ 111,970 on 22 May with bitcoin.
Since the spot Bitcoin ETF launched in the US in January 2024, about $ 44.49 billion inflows have been recorded, According For data. Meanwhile, spot ether (ET) ETF has seen about $ 2.77 billion since Launch In July 2024.
Wood said Spot Ether ETF “was less successful than people” because the US Securities and Exchange Commission Steaking not allowedOn 21 May, SEC delayed its decision on the application of bitwaiz to add stakeing to its ether exchange-traded funds.
However, Wood still sees Ether as an entry point for new investors, which is to familiarize itself with smart contracts before searching for other cryptocurrency, such as Solna (Fifth note of musical scale,
“So they can start in the world of smart contracts with Ether, but once they study technology, and follow the developers, and look at the lifting by consumers, I think they will reach there,” Wood said.
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Wood said that the launch of US President Donald Trump’s Memcoin, official Trump (Trump), in January, investors could be doubted about Solna on Solana network.
“The institute and you are telling 60 -year -old children … I think they can shut down slightly from what happened to Trump Memcoin,” Wood said. A few days after its launch on 17 January, Trump slipped about 50% after the President. No crypto-related “Day One” Executive Order made,
“I mean, that can scare them,” Wood said. In response to ETF analyst Eric Balchunas, his comment reiterates that it is “so easy” to explain “boomers or advisors” as bitcoin digital gold, but other cryptocurrency “are difficult.”
Wood said that its Solana price is in progress and after the research is completed, it will share it.
In April, Arch extends its “bull case” bitcoin price target by $ 1.5 million $ 2.4 million by the end of 2030Mainly as “digital gold”, run by institutional investors and bitcoins.
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