CEO of ARK Invest, Cathie Wood, stated that cryptocurrency ETF funds will maintain an important role in the economy, regardless of the development of cryptocurrency wallets. She believes that ETFs are a stepping stone that helps users access more easily compared to wallets, which are still complex. Data from Bitbo shows that there are about 200 million active Bitcoin wallets, and spot Bitcoin ETF funds in America have attracted $44.49 billion since their launch in January 2024.
However, Wood noted that spot Ether ETF funds are less effective because the SEC does not allow staking. She also sees Ether as a starting point for investors to get familiar with smart contracts before exploring other coins like Solana.
Wood emphasizes that ETF funds are a risk hedging insurance policy in the traditional financial system and will continue to grow in the future.
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