Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104075
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.85%
Bitcoin Share
The Coin Rise 2025-05-25 11:05:28

Cathie Wood: Crypto ETFs Will Remain Relevant Despite Wallet Growth

Cathie Wood: Crypto ETFs Will Remain Relevant Despite Wallet Growth

ARK Invest CEO Cathie Wood believes that cryptocurrency ETFs will continue to play a crucial role in the financial landscape, even as crypto wallets gain more widespread adoption. Speaking at the Solana Accelerate event in New York on May 23, Wood explained that ETFs serve as a simple and accessible option for investors who find the process of managing wallets too complex. “I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a button,” Wood said. She emphasized that while crypto wallets offer added protection and independence, the ease and convenience of ETFs will keep them popular among traditional investors. “So ETFs for those who want the convenience, I don’t think, will lose a lot of their luster,” she added. ETH ETFs See Slower Growth, SOL Faces Image Challenges Bitbo data indicates that there are roughly 200 million active Bitcoin wallets globally. Meanwhile, U.S.-based spot Bitcoin ETFs recorded approximately $2.75 billion in inflows during the trading week ending May 23, coinciding with Bitcoin reaching a new all-time high of $111,970. Since their launch in January 2024, spot Bitcoin ETFs have accumulated nearly $44.5 billion in inflows. Wood also commented on the performance of spot Ether ETFs, which have seen around $2.77 billion in inflows since their July 2024 debut. She suggested that these products were “less successful than people were expecting,” largely because the U.S. Securities and Exchange Commission (SEC) did not permit staking—a key feature of Ethereum’s ecosystem. The SEC recently delayed a decision on Bitwise’s proposal to include staking in its Ether ETF . Still, Wood believes Ether can be a starting point for new investors interested in smart contract platforms. “So they might start in the smart contract world with Ether, but once they study the technology, and follow the developers, and see the uptake by consumers, I think they will get there,” she explained. Cathie Wood on TRUMP Memecoin When asked about the impact of President Donald Trump’s memecoin , launched on Solana, Wood acknowledged that such events may deter institutional investors. “I think they might be a little turned off by what happened with the Trump memecoin,” she said, referring to the coin’s 50% plunge shortly after launch due to the absence of immediate crypto policy action. Wood concluded by noting that she’s still finalizing her Solana price forecast, while ARK recently raised its 2030 Bitcoin target from $1.5 million to $2.4 million. The post Cathie Wood: Crypto ETFs Will Remain Relevant Despite Wallet Growth appeared first on TheCoinrise.com .

Most Read News

Moralis Money
Market Cap
24h Vol
63.85%
Bitcoin Share
356
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.