The market share of actively managed ETFs is rapidly increasing, with a CAGR of 46%. In 2024, the net inflow of global active ETFs reached a record high of $349.2 billion, accounting for 28% of the total global ETF traffic. And the main increase comes from JPM's cash income ETFs, namely JEPQ/JEPI. I believe the cryptocurrency industry will also see more and more non index products emerge, bringing the convenience of complex strategies to all ordinary users