Bloomberg: Initial $100M in Crypto ETFs Doesn't Mean Real Investor Demand
- —T. Rowe Price's TKNZ claimed a $15 million seed, but as of June 30 net assets were just $20,000 and 800 shares
- —Fidelity Solana Fund: $5 million seed from FMR Capital, assets of $113.9 million by December 31 as SOL fell from $135.38 to $124.73
- —Franklin Solana ETF: $2.32 million seed plus additional share creation of $9.78 million
- —Bitwise Dogecoin ETF (BWOW) with a $2.5 million seed received no new creations and announced liquidation, with the last trading day on October 14
Why it matters: Investors should gauge real demand by net share creation and asset trends rather than by a fund's size at launch.
Source: TokenPost