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

LTCC has total assets of only 7.42 million, with a 24-hour trading volume of just 267,000.

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

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

It feels like altcoin ETFs are essentially still facing several unavoidable 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 towards altcoin ETFs has already worn off, leading to a fatigue effect.

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

This is also the reason why altcoins are becoming increasingly difficult to play, as oversupply has become an unsolvable problem in the altcoin cycle.

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