ARK Invest CEO discusses the role of crypto ETFs and wallets at Solana Accelerate event, highlighting ETFs' simplicity for mainstream adoption while acknowledging advancements in wallet technology.
At the Solana Accelerate event, ARK Invest CEO Cathie Wood emphasized the ongoing importance of crypto ETFs due to their simplicity, despite the evolving crypto wallet space. Wood noted that while wallets are expanding rapidly, ETFs remain crucial for easy user participation. U.S. Bitcoin ETFs have seen significant success, with approximately $45 billion in inflows since their January 2024 launch. Wood also commented on the slower adoption of Ether ETFs, attributing it partly to SEC restrictions on staking.