{"id":28483,"date":"2025-05-25T12:31:32","date_gmt":"2025-05-25T12:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28483"},"modified":"2025-05-25T12:31:32","modified_gmt":"2025-05-25T12:31:32","slug":"crypto-isnt-going-anywhere-regardless-of-wallet-growth-cathie-wood","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28483","title":{"rendered":"Crypto Isn\u2019t Going Anywhere, Regardless Of Wallet Growth\u2014Cathie Wood"},"content":{"rendered":"
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Cryptocurrency exchange-traded funds<\/a> (ETFs) look set to stay popular, even as more people learn how to use wallets. According to ARK Invest CEO Cathie Wood, many investors will stick with ETFs because they prefer the easy, one-click option.<\/p>\n

At a May 23 event in New York, she said wallets can feel too tricky for most users.<\/p>\n

Crypto Wallet Adoption Versus ETF Convenience<\/strong><\/h2>\n

Based on reports, about 200 million active Bitcoin wallets are in use worldwide. Yet, between May 17 and May 23, US spot Bitcoin ETFs saw nearly $2.70 billion in new money.<\/p>\n

Bitcoin even hit a record high of $111,985 on May 22. People seem to trust ETFs more than setting up their own wallet right away. ETFs can live inside regular brokerage accounts, so you don\u2019t need extra apps or backup phrases.<\/p>\n

Rising ETF Inflows Since Launch<\/strong><\/h2>\n

Spot Bitcoin ETFs went live in the US in January 2024. Since then, they have drawn in roughly $44.50 billion, according to Farside data.<\/a> In July 2024, spot Ether ETFs began, and so far they\u2019ve attracted about $2.75 billion. That shows serious interest in both Bitcoin and Ether.<\/p>\n

Yet Ether ETFs haven\u2019t taken off as fast. The US Securities and Exchange Commission didn\u2019t allow staking inside those funds, making them less appealing to some yield-seeking investors.<\/p>\n


\nThe Staking Issue In Ether Funds<\/strong><\/p>\n

According to Wood, staking would have made Ether ETFs more attractive. Staking lets you earn rewards by locking up coins. Without it, these ETFs are just holding the token, so they don\u2019t compete with direct staking in the protocol.<\/p>\n

On May 21, the SEC delayed a decision on adding staking to Bitwise\u2019s Ether ETF<\/a>. That move could keep some investors on the sidelines until the rules change.<\/p>\n

\"\"<\/p>\n

\u00a0<\/p>\n

Solana\u2019s Memecoin Misstep<\/strong><\/p>\n

Wood also pointed to a stumble on Solana that may have spooked older investors. US President Donald Trump launched a memecoin<\/a> called Official Trump (TRUMP) on Solana on January 17.<\/p>\n

It plunged about 50% just days later when no crypto-related orders appeared in his first days in office. That roller-coaster likely made some advisers think twice about Solana\u2019s reliability.<\/p>\n

\"\"<\/p>\n

Looking Ahead With Caution<\/strong><\/p>\n

Wood thinks crypto ETFs will remain an \u201cinsurance policy\u201d for people worried about traditional markets. At the same time, they act as a bridge. She expects new investors to start with Bitcoin or Ether in ETFs and then move into wallets to explore things like smart contracts and other tokens.<\/p>\n

ARK\u2019s own price forecasts are bold. The firm raised its Bitcoin bull case to $2.50 million<\/a> by the end of 2030. Wood says she\u2019s still working on her Solana target and will share it after more research.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency exchange-traded funds (ETFs) look set to stay popular, even as more people learn how to use wallets. According to ARK Invest CEO Cathie Wood, many investors will stick with ETFs because they prefer the easy, one-click option. At a May 23 event in New York, she said wallets can feel too tricky for most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28483","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28483"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28483\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}