@teachkkk

The ETF narrative isn’t over—it’s just starting. Spot BTC ETFs opened the door, ETH ETFs are coming, but what happens after that? The next wave won’t be Layer 1s—it’ll be sector-based ETFs: DeFi ETF, Web3 Infrastructure ETF, AI x Crypto ETF, maybe even a MemeCoin ETF. This will change everything. Retail won’t need exchanges or wallets—they’ll buy crypto exposure through brokers. The question is: is that bullish because it brings capital, or bearish because it traps users in custodial products? We wanted decentralization, but Wall Street is winning adoption. So what happens when BlackRock holds more BTC than any exchange?

8 replies

9 recasts

9 reactions