So far we’ve had 11 spot Bitcoin ETFs and 9 spot Ethereum ETFs approved, with at least 17 more filings pending across majors like SOL, XRP, DOGE, SUI, DOT, HBAR, LTC, and now AVAX
🟣 But why so many filings?
➜ ETFs charge a small percentage fee on AUM. If billions are invested, that becomes millions in revenue every year
➜ Brand positioning. Being the first or biggest name in crypto ETFs cements a firm’s reputation across the entire investment industry
➜ ETFs let pensions, endowments, and funds gain exposure to crypto in a regulated format they’re allowed to touch. That brings far more capital than retail alone
➜ Launching the first ETF for a major altcoin means locking in market share, and therefore more flow, before anyone else
Call it a win-win for both issuers and investors
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