{
  "source": "The Bright Minded — Cantica",
  "subject": "Crypto ETFs: The Market is Broadening",
  "finding": "Crypto ETFs are outgrowing their early movers: their slice of the market's activity grew from 2.3% to 3.5% in 4 weeks, the active field went from 6 to 12 companies, and the leaders' grip loosened by 50%.",
  "story": "Crypto ETFs are outgrowing their early movers: their slice of the market's activity grew from 2.3% to 3.5% in 4 weeks, the active field went from 6 to 12 companies, and the leaders' grip loosened by 50%.",
  "implication": "Bitwise Asset Management, Corgi, Grayscale Bitcoin Mini Trust ETF just arrived, no single player dominates any more, and regulators have not touched it this week — the space is filling up faster than the rules are.",
  "columns": [
    "Week",
    "Developments",
    "Wire reports",
    "Share of stream",
    "Actors",
    "New entrants",
    "Concentration (HHI)",
    "Regulatory %"
  ],
  "rows": [
    [
      "2026-06-08 – 2026-06-14",
      "7",
      "7",
      "2.3%",
      "6",
      "6",
      "0.17",
      "0%"
    ],
    [
      "2026-06-15 – 2026-06-21",
      "5",
      "5",
      "1.6%",
      "4",
      "3",
      "0.28",
      "0%"
    ],
    [
      "2026-06-22 – 2026-06-28",
      "7",
      "9",
      "1.8%",
      "7",
      "7",
      "0.16",
      "0%"
    ],
    [
      "2026-06-29 – 2026-07-05",
      "12",
      "12",
      "3.5%",
      "12",
      "11",
      "0.08",
      "0%"
    ]
  ],
  "date_from": "2026-06-07",
  "date_to": "2026-07-05",
  "supporting_events": [
    {
      "title": "Corgi Launches 31 Single-Stock 2x Daily ETFs Across Two Waves on Cboe BZX, Including the First and Lowest-Cost 2x ETFs on Dozens of Stocks",
      "url": "https://www.prnewswire.com/news-releases/corgi-launches-31-single-stock-2x-daily-etfs-across-two-waves-on-cboe-bzx-including-the-first-and-lowest-cost-2x-etfs-on-dozens-of-stocks-302812675.html",
      "date": "2026-06-29"
    },
    {
      "title": "/C O R R E C T I O N -- Bitwise Asset Management/",
      "url": "https://www.prnewswire.com/news-releases/bitwise-announces-updates-to-etf-lineup-302814903.html",
      "date": "2026-06-30"
    },
    {
      "title": "iShares Bitcoin Premium Income ETF 8-K",
      "url": "https://www.sec.gov/Archives/edgar/data/2089969/000143774926022313/0001437749-26-022313-index.htm",
      "date": "2026-07-01"
    },
    {
      "title": "Ondo Finance Launches First-Ever Custodial Tokenized Securities in the U.S., Broadridge Partners to Integrate World Class Governance",
      "url": "https://www.prnewswire.com/news-releases/ondo-finance-launches-first-ever-custodial-tokenized-securities-in-the-us-broadridge-partners-to-integrate-world-class-governance-302816716.html",
      "date": "2026-07-02"
    },
    {
      "title": "Mantle H1 2026: Building the Financial System in Full Force for Real-World Assets",
      "url": "https://www.prnewswire.com/news-releases/mantle-h1-2026-building-the-financial-system-in-full-force-for-real-world-assets-302816927.html",
      "date": "2026-07-02"
    },
    {
      "title": "Ethena Selects Centrifuge as Strategic Tokenization Partner to Accelerate Institutional RWA Adoption",
      "url": "https://www.businesswire.com/news/home/20260609596409/en/Ethena-Selects-Centrifuge-as-Strategic-Tokenization-Partner-to-Accelerate-Institutional-RWA-Adoption",
      "date": "2026-06-09"
    },
    {
      "title": "Grayscale Avalanche Staking ETF 8-K",
      "url": "https://www.sec.gov/Archives/edgar/data/2035053/000203505326000006/0002035053-26-000006-index.htm",
      "date": "2026-06-10"
    },
    {
      "title": "Ondo Finance Hires John Hoffman, Former Invesco ETF Head and Grayscale MD, to Build Its Onchain Portfolios Business",
      "url": "https://ondo.finance/blog/john-hoffman-joins-ondo",
      "date": "2026-06-10"
    },
    {
      "title": "Options Set to Launch on Tradr's Long and Short SpaceX ETFs",
      "url": "https://www.prnewswire.com/news-releases/options-set-to-launch-on-tradrs-long-and-short-spacex-etfs-302800825.html",
      "date": "2026-06-15"
    },
    {
      "title": "WisdomTree Celebrates 20 Years of Innovation and Global Growth",
      "url": "https://www.businesswire.com/news/home/20260616421319/en/WisdomTree-Celebrates-20-Years-of-Innovation-and-Global-Growth",
      "date": "2026-06-16"
    },
    {
      "title": "BlackRock Expands Digital Assets Offerings with Bitcoin Premium Income ETF",
      "url": "https://www.businesswire.com/news/home/20260616172556/en/BlackRock-Expands-Digital-Assets-Offerings-with-Bitcoin-Premium-Income-ETF",
      "date": "2026-06-16"
    },
    {
      "title": "Ondo Partners With Mirae Asset to Tokenize Its Global X ETF Lineup",
      "url": "https://ondo.finance/blog/ondo-partners-with-mirae-asset",
      "date": "2026-06-22"
    }
  ],
  "provenance": {
    "basis": "Cantica observation stream (The Bright Minded)",
    "coverage_from": "2026-06-07",
    "coverage_to": "2026-07-05",
    "events_observed": 1343,
    "note": "Findings describe activity observed by Cantica in this period; original sources attached per event."
  },
  "decomposition": {},
  "decomposition_line": "",
  "dynamics": {},
  "approved_at": "2026-07-05T23:45:40.957911Z",
  "published_at": "2026-07-05T23:49:29.541495Z"
}