Recent developments in the cryptocurrency sector have seen a surge in ETF filings, including a notable registration for an NFT-related token. This move has sparked debate among industry observers, with some criticizing the decision as undermining the credibility of previous ETF filings for established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Critics argue that collectibles do not require an ETF, while others express concern that the trend of filing ETFs for various tokens may dilute the market's integrity. The launch cost for such ETFs is estimated to be around $200,000.