Today in crypto, ARK Invest CEO Cathie Wood says crypto ETFs are here to stay, crypto industry executive and users report scam Ledger phishing letters sent by physical mail. Meanwhile, a judge has vacated key fraud and manipulation convictions against Mango Markets exploiter Avraham Eisenberg.
Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood
ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy no matter how big crypto wallet adoption becomes over the next decade.
“I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a button,” Wood said at the Solana Accelerate event in New York on May 23.
“So ETFs for those who want the convenience, I don’t think, will lose a lot of their luster,” she said. “But they will be a stepping