The below headline didn't get a lot of attention but I think it's insanely bullish.
Imagine every single tradfi investor being able to buy a basket of the top 50 alts with a single click.
Feel like this is the kind of thing that really moves the needle valuations-wise.
Is same reason why I was so bulled up about $COIN getting into the S&P 500 (up 75% since its inclusion in it was announced on May 12th, btw).
The $COIN/S&P 500 thing is massive because it means the infinite bid of passive flows.
The below won't mean that (at least initially) but will still likely have the same effect in miniature, and perhaps even more pronounced in a way since the market caps in question are so much lower.
Imagine 2 years from now when we're speculating on which page three @coingecko alts might get added to the Coinbase 50 and suddenly quadruple in market cap because of ETF's like the below.
Not only that but we'll have tons of individual altcoin ETF's by then as well - likely $SOL, $AAVE, etc.
And someday it's very possible the 401k/pension/etc passive flows get directed into such vehicles too in addition to the main stock indices.
But yeah, very bullish, and think this could very well be a key variable in the next 'alt season' (ie extended fall in Bitcoin dominance while overall crypto market cap is expanding).
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