Cathie Wood: For users who seek convenience, ETFs will have a certain appeal no matter how popular crypto wallets become in the future

Cathie Wood, CEO of ARK Invest, said that regardless of how high the adoption rate of cryptocurrency wallets is in the next ten years, cryptocurrency exchange traded funds (ETFs) may still maintain their position in the economy.

Cathie Wood said on May 23 at the Solana Accelerate event in New York: "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 push a button". "So I think for those who seek convenience, ETFs will not lose too much attractiveness".