According to online reports, ARK Invest CEO Cathie Wood said that no matter how high the adoption rate of crypto wallets may be in the next decade, crypto exchange-traded funds (ETFs) are likely to maintain their place in the economy. "I think ETFs are an important stepping stone because, you know, wallets seem very complex and can be a lot of friction for consumers who just want to push a button," Cathie Wood said at the Solana Accelerate event in New York on May 23. "So I don't think ETFs will lose much of their appeal for those who are pursuing convenience."