Cathie Wood: ”Even if demand for Web3 wallets increases, ETFs will not disappear...Users pursue convenience”

Even as demand for Web3 wallets increases, it is expected that the popularity of cryptocurrency-based exchange-traded funds (ETFs) will not wane.
Cathie Wood, CEO of ArkInvest, spoke at the Solana 2019 conference in New York, USA.
At the event, he said, "Wallets are too complicated for users," and added, "ETFs, which allow you to invest with just the push of a button, are the best choice for users who want convenience."
"No matter how convenient the user experience (UX) of wallets becomes, demand for ETFs will continue," Wood said.
As of that day, the number of active wallets worldwide was estimated to be about 200 million.
Since its launch in the United States in , it has attracted inflows of approximately $44.49 billion.