The investment funds circulating in the encryption will not lose its “luster” with the growth of the portfolio of the portfolio – Cathy Wood

Cathy Wood, CEO of ARK Invest, says that the funds circulating in the exchange of encryption (ETFS) are likely to maintain their place in the economy regardless of the extent to which the encryption portfolio adopted over the next decade.

“I think the circulating investment funds are an important starting point because, as you know, the governor seems very complicated, and a lot of friction for consumers, and they just want to press a button.” He said At the Solana Accelerate event in New York on May 23.

Wood says that the governor remains an insurance policy

She said, “So the investment funds circulated for those who want to rest, I do not think, you will lose much of their luster.” “But they will be a starting point to a wallet.”

“These are insurance policies against something that happens in the traditional world.”

bitbo Data It indicates that there are about 200 million Bitcoin (BTC) throughout the world. Meanwhile, the trading week, which ends on May 23, witnessed about $ 2.75 billion to the investment funds traded in the instant Bitcoin, and coincided with the value of the new bitcoin at all $ 111,970 on May 22.

Since Bitcoin’s investment funds were launched in the United States in January 2024, nearly $ 44.49 billion has been recorded at flows, According to To Farside data. Meanwhile, the Investment Funds in Space (ETH) has witnessed about $ 2.77 billion in flows since then release In July 2024.

Wood said that the investment funds circulating in space were “less successful than people expect” because the American Securities and Stock Exchange Commission did not allow wandering. On May 21, the Supreme Education Council delayed its decision regarding the BitWise request to add deception to its Ether Exchange.

However, Wood is still seen as ETHER as an entry point for new investors to identify smart contracts before exploring other cryptocurrencies, such as Solana (Sol).

“Therefore, they may start in the world of the smart contract with the ether, but as soon as they study technology, follow the developers, and see the absorption of consumers, I think they will get there,” Wood said.

Related to: “We are concerned about the recession,” but there is a silver lining – Cathy Wood

Wood said that the launch of US President Donald Trump, the official Trump (Trump), in January on the Solana Network, may have caused investors skeptical in Solana.

Wood said: “The institutions say children at the age of sixty … I think they may be a little stopped with what happened with Memecoin Trump,” Wood said. A few days after its launch on January 17, Trump slipped about 50 % after the president presented any “first day” executive orders.

Wood said: “I mean, this may scare them.” Her comments came in response to the ETF Eric Palunas analyst, where he repeated the point that Bitcoin was “very easy” to explain “Bomber or Adviser” as digital gold, but other encrypted currencies are “more strict”.

Wood said her goal in Solana Price is progressing and that she would share her as soon as the research is completed.

In April, ARK raised the goal of Bitcoin’s “bull issue” from $ 1.5 million to $ 2.4 million by the end of 2030, driven primarily by institutional investors and the increasing Bitcoin acceptance as “digital gold”.

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