Odaily Planet Daily reports: Bloomberg ETF analyst Eric Balchunas posted on X that Corgi is launching 300 to 500 ETFs within a year, similar to someone walking up to a roulette table and placing bets on every number. One of them will likely achieve significant success, but many will also drag down performance. The good news is that this is not much different from what other industry issuers are doing. On average, a fund issuer’s largest ETF accounts for 60% of its assets and revenue, and about 40% of their product lines are typically unprofitable. Corgi is simply moving forward with these initiatives on a much faster timeline.
Corgi to Launch 300 to 500 ETFs in One Year, Says Eric Balchunas
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Summary
Bloomberg ETF analyst Eric Balchunas said Corgi plans to launch 300 to 500 ETFs within one year, a strategy he compared to betting on every number at a roulette table. He noted that while one product may succeed, many will underperform. Balchunas added that most ETF issuers have 40% of their product lines operating at a loss, with top ETFs accounting for 60% of assets and inflows. Altcoins to watch may experience mixed results as this strategy unfolds.
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