The Bitcoin ETF has been a smashing success, with assets of 1.19 billion dollars and trading volumes in the roof since its launch on January 11th.

The vast majority of buyers of the Bitcoin ETF are retail investors, followed by wealth advisories and hedge funds.

Model portfolios are used by financial institutions to manage client portfolios and allocate assets, and they play a crucial role in the adoption of the Bitcoin ETF.

Wirehouses and wealth platforms are also expected to play a key role in the adoption of the Bitcoin ETF, with some already approving the ETF for their clients.

The Ethereum ETF has not been as successful as the Bitcoin ETF, with negative returns and low adoption. This is due to several reasons, including the complexity of Ethereum, the lack of staking in ETFs, and the loss of utility by using an ETF.

The Ethereum ETF has not worked because it launched into a downtrend, lacks staking yield, and sacrifices utility by using an ETF. Additionally, it was launched during a bad time, and people are not interested in investing in something they don't understand.

Bridging the gap between Defi and Tradfi is necessary for the growth of the cryptocurrency market. This can be achieved through ETFs that provide a convenient and easy way for investors to access Defi assets.

If you can be first it can mean a lot, uh, particularly if you maintain like you have good trading volumes, your fees are competitive, like it can mean you have a basically a cash cow for the rest of your life.

The main problem with Ripple and Salana is the SEC actively is still saying Salana is a security and they're actively saying Ripple is a Security in some ways and they're appealing the Ripple xrp lawsuit so the SEC isn't giving up that fight.