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ARK Invest CEO Cathie Wood discusses ETF and encryption ecosystem development at the Solana event.
Gate News bot message, at the New York Solana Accelerate event, ARK Invest CEO Cathie Wood delivered a speech. She emphasized that the encryption exchange traded fund ( ETF ) will maintain its economic position over the next decade, regardless of the adoption rate of encryption wallets.
Wood mentioned in her speech that the Ethereum spot ETF is limited in its market performance due to the lack of support for staking. She pointed out that Ethereum is the main entry point for new users to understand the smart contract ecosystem.
In addition, Wood mentioned the issuance of the TRUMP memecoin on the Solana platform, which has raised concerns among some older institutional investors.
Source: Cointelegraph
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