🚨After the launch of Litecoin and Dogecoin ETFs, there seems to be little reaction in the market——

The total assets of LTCC are only 7.42 million, with a 24h trading volume of only 267k.

The total assets of the three Dogecoin ETFs combined are less than 27 million.

In comparison to the BTC ETF's $121.3 billion, the ETH ETF's $20.4 billion, and the SOL ETF's $878 million, the gap reaches thousands to tens of thousands of times.

It feels like altcoin ETFs still face several insurmountable dilemmas:

1⃣ There is no independent narrative, making it difficult to generate sustained appeal.

2⃣ Institutional funds are highly concentrated in core assets.

3⃣ Retail investors are more inclined to trade these marginal assets directly in spot markets.

4⃣ The market's novelty for altcoin ETFs has disappeared, leading to fatigue effects.

The underlying logic of ETFs is institutionalization—while altcoins find it difficult to become institutionalized.

This is also the reason why altcoins are becoming increasingly difficult to play; overproduction has already become an unsolvable problem in the altcoin cycle.