PANews May 25 news, according to Cointelegraph, ARK Invest CEO Cathie Wood stated that regardless of how high the adoption rate of cryptocurrency wallets is in the next decade, cryptocurrency exchange-traded funds (ETFs) may 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; they just want to press a button." "So I think for those who pursue convenience, ETFs won’t lose too much appeal."