Cathie Wood: The issuance of TRU coin makes institutional investors more cautious, and the team is researching the price model of Solana.

On May 25, ARK Invest CEO Cathie Wood said at the Solana Accelerate event in New York on May 23 that despite the wider adoption of crypto wallets in the future, crypto ETFs will remain in the market for a long time because they provide users with an easier way to participate. "ETFs are an important form of transition," she said. Compared to the complexity of wallet operations, many consumers just want to complete the investment at the touch of a button." Wood emphasised that wallets will be more of an "insurance mechanism", while ETFs are suitable for users who are looking for convenience. Wood also mentioned that spot Ethereum ETFs do not support staking, which affects their market performance, and pointed out that Ethereum is still the preferred entry point for new users to understand the smart contract ecosystem, and may gradually shift to chains such as Solana in the future. She also pointed out that Trump's issuance of TRUMP memecoin on the Solana network may have made some institutional investors take it with reservations, and "these kinds of events may scare off some older investors." Wood said his team is working on Solana's price model and will announce it once the study is complete. Previously, ARK had raised its 2030 Bitcoin bull market price forecast from $1.5 million to $2.4 million. （Cointelegraph）