Arch Investment CEO Kathy Wood says the Crypto Exchange Traded Funds (ETF) will potentially maintain their position in the economy, even though how big the Crypto purse will be in the next decade.
“I think ETF is an important step because, you know, the wallets are so complicated, so friction for users, they just want to move a button,” Wood said in the Solana Accelerative event in New York on May 23.
Wood says wallets are insurance policy
“So for those who want the convenience, I do not think their many brightness will be gone,” he said. “But they will be a wallet -based stone.”
“These are insurance policies against something wrong in the traditional world.”
Bitbo data shows that there are about 200 million active bitcoin (BTC) wallets worldwide. Meanwhile, the arrival of $ 2.75 billion in the US -based spot bitcoin ETF in the US -based trade week ended May 23, with Bitcoin reached a new height of $ 111,970 on May 22.
According to Persian Data, since the spott bit coin ETF launched in the United States in January 2024, the arrival of about $ 44.49 billion was recorded. Meanwhile, the Spot Ether (ETH) ETF has seen about $ 2.77 billion arrival since launching in July 2024.
Wood said the spot Ether ETF was “less successful than people’s expected” because the US Securities and Exchange Commission did not allow stacking. On May 21, the SEC delayed its decision on the request of Bit Wise to include the stacking in its Ether Exchange Traded Fund.
However, the wood still sees the sky as an entry point for new investors, which familiarize itself with other crypto currencies, such as Salana (civil), before smart contracts.
“So they can begin in the world of smart contract with the sky, but once they study this technology, and follow the developers, and see the lack of consumers, I think they will get there,” said Wood.
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Wood said US President Donald Trump’s Memocenne, official Trump (Trump), has faced doubts about investors on Solana network in January, Wood said.
Wood said, “Institutions and you are saying children 60 years old … I think what happened to Trump Memkine can close a bit.” A few days after its inauguration on January 17, the president slipped around 50 % after the president’s executive orders related to a crypto’s “one day”.
“I mean, it can frighten them,” said Wood. Her comments reiterate the point in response to ETF analyst Eric Balchonas that BitCoin is “so simple” to explain “boomer or advisor” as digital gold, but other crypto currency “is tough.”
Wood said its target of its pricing is underway and will share it after the research is completed.
In April, the Arc increased its “Bill Case” Bitcoin price target from $ 1.5 million to $ 2.4 million by the end of 2030, mainly running the growing acceptance of institutional investors and bitcoin as “digital gold”.
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