Cathie Wood, the CEO of ARK Invest, stated at the Solana Accelerate event in New York on May 23, 2025, that crypto exchange – traded funds (ETFs) are likely to maintain their position in the economy, regardless of the growth in crypto wallet adoption over the next decade. The reasons are as follows:
ETFs offer convenience: Wood believes that ETFs are important stepping stones. Wallets seem complex to consumers and involve too much friction, while ETFs allow investors to simply “push a button” to gain exposure to cryptocurrencies, meeting the needs of those who seek convenience.
ETFs serve as a transition: Although ETFs may not be the ultimate destination for investors, they play a crucial role in facilitating the broader adoption of cryptocurrencies. They can introduce investors to the crypto space and potentially lead them to explore wallet – based investments in the future.
According to Bitbo data, there are approximately 200 million active Bitcoin (BTC) wallets worldwide. Meanwhile, in the trading week ending May 23, 2025, US – based spot Bitcoin ETFs witnessed approximately $2.75 billion in inflows, and Bitcoin reached a new all – time high of $111,970 on May 22. These figures indicate the growing acceptance and popularity of both crypto wallets and ETFs.
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