ETF Expert: "Crypto Spot ETF Approval, Long-Term Impact Underestimated"

"As someone who sells ETFs and other financial products to traditional asset managers of all shapes and sizes on a daily basis, one thing I can say for sure is that most people are underestimating the long-term market impact of crypto ETF approvals," Caitlin Cook, an ETF expert and marketer for Hxro (HXRO), a decentralized exchange (DEX) in the Solana (SOL) ecosystem, wrote on X (formerly Twitter). "Given the growth of the registered investment advisory industry, it's easy to imagine even a fraction of their assets under management (roughly $114 trillion) flowing into crypto spot ETFs. Of course, not all capital will move into crypto ETFs at once, even if ETFs are approved. But there's no question that ETFs will create a huge amount of capital and opportunity. Even if ETFs are ultimately approved as cash-settled, we should welcome them with open arms."