Cathie Wood: TRUMP Coin Launch Making Institutional Investors More Cautious, Team Exploring Solana Price Model

BlockBeats News, May 25th. ARK Invest CEO Cathie Wood stated at the Solana Accelerate event held in New York on May 23rd that although cryptocurrency wallets will become more widespread in the future, cryptocurrency ETFs will still have a long-term presence in the market, as they provide users with a more convenient way to participate.

She said: "ETFs are an important transitional form. Compared to the complexity of wallet operations, many consumers just want to 'press a button' to invest." Wood emphasized that wallets will be more like an "insurance mechanism," while ETFs are suitable for users seeking convenience.

Wood also mentioned that the Ethereum spot ETF does not support staking, which has affected its market performance. She pointed out that Ethereum is still the preferred entry point for new users to understand the smart contract ecosystem and may gradually transition to chains like Solana in the future. She also noted that the event of Trump issuing a TRUMP memecoin on the Solana network may have made some institutional investors hesitant, "Such events may scare off some older investors."

Wood stated that her team is researching Solana's price model and will publish it after the research is completed. Previously, ARK had raised its Bitcoin bull market price expectation for 2030 from $1.5 million to $2.4 million. (Cointelegraph)