In an interview, Cathie Wood, founder of ARK Invest, stated that Bitcoin represents a completely new global monetary system and asset class, and remains the preferred starting point for institutions entering the crypto space, ranking first in institutional asset allocation. Furthermore, the narratives surrounding Ethereum and Solana are evolving. Ethereum is the infrastructure of choice for institutions, building Layer 2 solutions on it, but with the rapid growth in the number of L2 blockchains, whether it will be "commoditized" remains to be seen. Solana, on the other hand, leans more towards a consumer-oriented blockchain ecosystem and has the potential to become part of institutional expansion in the future.