🚨 ETF issuers pushing specialized products = regulators scrambling to keep up.

This isn’t about approval timelines—it’s about institutional liquidity fragmentation.

More niche ETFs = more capital silos = tighter spreads & sharper rotations between themes (DeFi, AI, RWA, etc).

Retail will chase narratives. Institutions will arbitrage flows.

Who’s positioned for the next liquidity shift?

#ETF $ETH