Best Wallet's Cathie Wood Moment: The Platform Spilled Its Insights into Crypto ETFs and Wallets

ARK Invest's Cathie Wood spilled her insights into crypto ETFs and wallets at the recently concluded Solana Accelerate event in New York.

The recently concluded Solana Accelerate event in New York saw some interesting insights from Ark Invest’s Cathie Wood on crypto ETFs and wallets. While there’s no doubt the crypto wallet space is expanding at a rapid pace, crypto ETFs are likely to hold onto their glory due to the ease they offer users to participate in crypto.

We’ll also tell you how you can capitalize on Best Wallet’s rise to mainstream use with investment in Best Wallet Token ($BEST).

Spot Bitcoin (BTC) ETFs launched in the US in January 2024, and they’ve since posted around $45B in net inflows.

According to a Bitwise report, these net inflows have quickly outpaced the early success of gold ETFs, which was one of the biggest catalysts behind gold’s historic rise.

If these projections from Bitwise hold true, Bitcoin ETFs could record $100B in annual net inflows by as early as 2027.

In addition to highlighting the performance of Bitcoin ETFs, Cathie Wood also spared a thought for Ether (ETH) ETFs, which, according to her, have been ‘less successful than people were expecting’ because the SEC didn’t allow staking.

However, to be fair, the role of crypto ETFs in simplifying crypto investing shouldn’t be disregarded. As Cathie Wood pointed out, crypto wallets still pose an obstacle for mainstream adoption.

“I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just want to push a button.”

While there’s some truth to the fact that older-generation crypto wallets weren’t exactly known for their ease of use, new-age alternatives like Best Wallet are offering some of the simplest self-custody options. For instance, Best Wallet’s first-ever ‘direct purchase’ functionality makes it a breeze to buy new meme coins on presale.

There’s a lot to unpack here, so let’s see how Best Wallet could be shifting the narrative around crypto wallets being mere insurance policies.

Best Wallet is one of the newest Web3 wallets that delivers on every single count, including ease of use, security, and functionality.

A non-custodial and free crypto wallet, Best Wallet gives you complete control over your passkey without asking you to spend a dime. Being non-custodial means no one other than you will be able to access your Best Wallet account.

It also offers a huge assortment of 2FA/MFA options, biometrics, advanced cryptographic technology, built-in scam protection, and protection against hacks, theft, and other vulnerabilities with complete crypto insurance.

What’s more, Best Wallet also deletes inactive data every 24 months, massively reducing the amount of sensitive data that gets leaked in case of a hack.

It’s worth noting, though, that Best Wallet has never been hacked, which is a huge confidence booster.

As we highlighted in our complete Best Wallet review, it’s one of the most user-friendly and intuitive crypto wallets on the market right now, allowing users to buy, sell, swap, or receive cryptos across multiple blockchain networks.

One of Best Wallet’s standout features is that it allows you to directly buy new presale cryptos from within the app.

All of the available coins are listed on the ‘Upcoming’ tab. What’s more, you’ll also find all relevant presale information in this section, which will help you make an informed decision.

Inside the app, you can create multiple Ethereum wallets to organize your crypto. For instance, you can create separate wallets for airdrops and holding the best meme coins. And you’ll be able to easily manage all your wallets through the ‘Manage your wallets’ tab.

In addition to convenience, purchasing presale tokens directly from Best Wallet is also a more secure option. That’s because the internal Best Wallet team vets every single crypto before publishing it on their app.

Best Wallet Token ($BEST) is the native cryptocurrency of the Best Wallet ecosystem. As such, it’ll benefit directly from this crypto wallet’s rapidly rising popularity.

Speaking of Best Wallet’s bright future, it’s on its way to capturing over 40% of the non-custodial crypto wallet market by 2026. What’s more, it already boasts over 500K users. According to our Best Wallet Token price prediction, the token can reach $0.07 by the end of 2030—an eye-watering 280% gain from current prices.

Of course, to make the most of $BEST’s upward trajectory, you’ll need to get in as early as possible.

Luckily for you, Best Wallet Token is currently in presale, meaning you can grab it for some of its lowest-ever prices.

Each