# Are ETF Hopes Too High?

*Author: Bankless*
*Published: Nov 13, 2023*
*Source: https://www.bankless.com/es/are-spot-etf-expectations-too-high*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/MOD-NEWSLETTER-HEADERS--4--3.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=are-we-expecting-too-much-from-a-spot-etf&email=true)

  

    Are ETF Hopes Too High?

  
  

  
  Published on Nov 13, 2023

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=are-we-expecting-too-much-from-a-spot-etf&email=true) — Sign up for an account and see what crypto can be.

[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=are-we-expecting-too-much-from-a-spot-etf&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    Fake BlackRock XRP ETF
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50445--16-.png)- **😵 Fake XRP ETF fools buyers.** XRP briefly surged after a fake application for an XRP ETF emerged. [BlackRock didn't submit it! ](https://x.com/EricBalchunas/status/1724176255484829927?s=20)
- **🗣️ Crypto overwhelms IRS. **Crypto supporters [submitted more than 120k comments](https://x.com/CoinDesk/status/1724057066254274863?s=20) blasting the agency's DeFi tax proposals. 
- **👨‍💼 Ex-Polygon exec joins Optimism. **The former Polygon Labs President [is joining Optimism as its Chief Growth Officer](https://x.com/Fwiz/status/1724094745298022449?s=20).

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Celestia's TIA Surges
  
  

  

 

📊 **To Infinity and Beyond?** Modular data availability layer Celestia put in huge gains – its native token has more than doubled on the week! Traders are seeking out a narrative, and Celestia’s pump is cycling in attention to their vision for crypto. 

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.40T
       

  
    
    ↘ -1.9%
    
  

   
    
    ↗ 5.2%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $36,533.72
       

  
    
    ↘ -1.7%
    
  

   
    
    ↗ 4.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,062.66
       

  
    
    ↗ 0.1%
    
  

   
    
    ↗ 8.8%
    
  

  

        

        

        **Notable Movers:**

        
            
                            
                

                    ![](https://s2.coinmarketcap.com/static/img/coins/64x64/22861.png)

                    
                        TIA                         7d
                        

                        
                               $5.00                            
                    

                                            
                            ↗ 113.6%                        

                        
                
            
                        
                

                    ![](https://s2.coinmarketcap.com/static/img/coins/64x64/52.png)

                    
                        XRP                         7d
                        

                        
                               $0.65                            
                    

                                            
                            ↘ 9.4%                        

                        
                
            
                        

        
        

[Unlock Today's Full Market Analysis](https://www.bankless.com/celestias-tia-gains)

.  .  .

 
  
    

    ANALYSIS

  
  
    
    Are We Expecting Too Much?
  
  
  
   
     
     Bankless Writer: 
     
     [
       
    Jack Inabinet
     
     ](https://twitter.com/JackInabinet)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/image--20-.png)](https://www.bankless.com/are-we-expecting-too-much-from-a-spot-etf)A wave of BlackRock spot ETF applications for crypto assets is sending the market into ecstasy. Now, with approvals likely imminent, it's time to see what kind of investor capital shows up.

**How realistic are crypto's expectations for epic investor inflows? 👇**

[Read the Full Analysis](https://www.bankless.com/are-we-expecting-too-much-from-a-spot-etf)
---