According to Eric Balchunas, crypto exchange commissions remain significantly higher than traditional stock brokers of the 1970s, especially impacting new traders. This cost factor is accelerating the rapid adoption of crypto ETFs, which offer lower fees and easier access to assets like BTC and ETH. As a result, the shift to ETFs is expected to impact trading volumes and fee structures across major crypto exchanges (source: Eric Balchunas, Twitter, June 15, 2025).

According to Eric Balchunas, ETF Stream's analysis points out structural challenges in selling buffers, attributing it to a population that largely relies on government assistance and advisors who depend on commissions. This scenario suggests a slower adoption rate compared to the US market.