TechFlow news, May 25 — According to Cointelegraph, ARK Invest CEO Cathie Wood stated at the Solana Accelerate event in New York on May 23 that despite broader future adoption of crypto wallets, crypto ETFs will maintain a long-term presence in the market by offering users a simpler way to participate. She said: "ETFs are an important transitional vehicle. Compared to the complexity of wallet operations, many consumers simply want to 'push a button' to invest." Wood emphasized that wallets will function more like an "insurance mechanism," while ETFs suit users seeking convenience.
Wood also noted that the lack of staking functionality in spot Ethereum ETFs has affected their market performance, and pointed out that Ethereum remains the preferred entry point for new users to understand the smart contract ecosystem, though there may be a gradual shift toward chains such as Solana in the future. Wood said her team is currently studying Solana's pricing model and will publish findings upon completion.
She also remarked that Trump's issuance of the TRUMP memecoin on the Solana network might cause hesitation among some institutional investors, saying, "Events like this could scare off some older investors."
