Tidal SVP of Product Development Aga Kuplinska highlights the dominance of active strategies, noting that nearly 80% of new ETF launches in 2024 were active, with higher figures in 2025. She emphasizes the surge in derivative-based strategies with Tidal account for almost half of over 100 such launches in 2025. Kuplinska explains that ETF launch costs vary depending on the complexity and resources. While costs for simple products have compressed, more complex, derivative-based ETFs remain expensive. (Source: Bloomberg)