I saw an interesting observation. It was shared recently by Fox Business reporter Eleanor Terrett on X, where she mentioned having conversations with executives in the trading industry about BTC spot ETFs.

What’s fascinating is their reaction. Most showed interest in this product but also expressed surprise. An executive’s comment was particularly striking: "We were also looking forward to this product’s launch, but we didn’t expect such an overreaction." It seems that Eleanor Terrett’s statement really hits the core.

Ultimately, what the traditional finance industry has realized is that the demand for cryptocurrency investments is much larger than they thought. According to the reporter’s post, even the TradFi camp apparently underestimated the size of this market. The reason why Eleanor Terrett’s observation is interesting is because it clearly shows the perception gap between the traditional financial sector and the crypto market.

Thinking about it, this is quite a significant signal. The fact that major players in traditional finance underestimated the demand for cryptocurrencies proves how quickly the market is changing.