Of the 575 ETFs launched on this year, the most profitable were Spot $BTC & $ETH ETFs. As $BTC was the most popular product during the pandemic period, the first ever crypto asset renewed the challenge as the halving took place such as the previous period.
However, the alt season has not started, but the figures moved on. We are not in an expecting time but in a market moving and maturing through these new financial products. The ETFs for a crypto asset has become a way to put its stand on the table, but not many crypto assets have the leverage and capabilities to make it.
As a conclusion, the ETFs are giving us a taste for the start of an alt season.