Cathie Wood: Regardless of how prevalent encryption Wallets become in the future, ETFs will still hold a certain appeal.

[Cathie Wood: No matter how popular crypto wallets become in the future, ETFs will always have certain appeal] ARK Invest CEO Cathie Wood stated that regardless of how high the adoption rate of crypto wallets is over the next decade, crypto exchange-traded fund (ETF) may maintain its position in the economy. Cathie Wood stated at the Solana Accelerate event in New York on May 23: "I think ETFs are an important stepping stone because, you know, wallets look very complicated, and there's a lot of friction for consumers; they just want to press a button." "So I think for those who seek convenience, ETFs won't lose much appeal."