🚨After the launch of Litecoin and Dogecoin ETFs one after another, there seems to be little reaction in the market -

LTCC's total assets are only 742w, and the 24h trading volume is only 267k.
The total assets of Dogecoin's three ETFs add up to less than 2700w.

Compared with the $121.3B of the BTC ETF, the $20.4B of the ETH ETF, and the $878M of the SOL ETF, the gap reaches thousands to tens of thousands of times.

It feels like an altcoin ETF, essentially still facing several unavoidable dilemmas:

1⃣ Without a standalone narrative, it is difficult to generate sustained appeal.
2⃣ Institutional funds are highly concentrated in core assets.
3⃣ For this type of edge assets, retail investors prefer direct spot trading.
4⃣ The market's novelty towards altcoin ETFs has faded, creating a fatigue effect.

The underlying logic of ETFs is institutionalization - and altcoins are difficult to institutionalize.

This is also the reason why copycats are becoming more and more difficult to play, and oversupply is already an unsolvable problem in the copycat cycle.