PANews reported on May 25 that according to Cointelegraph, 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 is a lot of friction for consumers, and they just want to press a button." "So I think for those who are looking for convenience, ETFs will not lose much appeal."