ARK Invest CEO Cathie Wood said that no matter how high the adoption rate of crypto wallets is in the next decade, crypto exchange-traded funds (ETFs) are likely to maintain their position in the economy. Cathie Wood said 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 who just want to push a button." So I don't think ETFs will lose much of their appeal for those who are looking for convenience. "