“For many people, wallets feel complex. There’s still friction. They just want to push a button,” Wood said. According to her, ETFs offer convenience and remain a solid choice for those new to crypto or hesitant to manage private keys.

ETFs as an On-Ramp to Wallets

While ETFs provide a user-friendly entry point, Wood emphasized that they could serve as a bridge to wallet-based investing. She described wallets as a form of “insurance policy” in a world where traditional finance can falter.

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Data from Bitbo estimates that there are currently around 200 million active Bitcoin wallets worldwide. Meanwhile, spot Bitcoin (BTC) ETFs saw $2.75 billion in inflows during the week ending May 23, coinciding with Bitcoin reaching an all-time high of $111,970.

Ethereum, Solana, and Regulatory Hurdles

Wood also touched on Ethereum (ETH) ETFs, which have underperformed due to the SEC’s ban on staking features. The commission recently delayed its decision on Bitwise’s request to add staking to its Ether ETF. Despite this, Wood sees Ethereum as a starting point for investors exploring smart contracts before branching out to projects like Solana (SOL).

Still, she acknowledged that some investors, especially older institutions, may have been discouraged by the launch of the Trump memecoin on the Solana network. The coin dropped around 50% shortly after its debut, causing skepticism.

Looking ahead, Wood revealed that her team is finalizing a Solana price target, while ARK has already increased its Bitcoin bull case projection to $2.4 million by 2030, citing growing institutional demand and Bitcoin’s role as “digital gold.”

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The post Cathie Wood: Crypto ETFs Will Stay Relevant Despite Wallet Growth appeared first on Coin Engineer.