According to Eric Balchunas on Twitter, VistaShares has filed for new ETFs designed to track the stock selections of renowned hedge funds Scion Asset Management (Michael Burry) and Pershing Square (Bill Ackman), among others (source: Eric Balchunas, Twitter, May 28, 2025). This move could increase transparency and retail access to high-profile hedge fund strategies, potentially influencing institutional investment flows. If these ETFs attract significant capital, it may divert liquidity from crypto markets in the short term, but could also set a precedent for similar crypto-linked ETF products in the future.