Crypto markets are expanding: The market share of Bitcoin and Ethereum ETFs as a % all US-listed ETFs is up to a record 1.6%. This percentage has DOUBLED over the last 12 months. For perspective, the implied allocation into the 2 largest cryptocurrencies was just 0.2% in 2023. Over the last 3 days alone, investors have poured in a whopping 2.2 billion into Ethereum ETFs and 331 million into Bitcoin ETFs. Crypto adoption is accelerating.(The Kobeissi Letter)