According to Eric Balchunas, BlackRock has filed for a Systematic Alternatives ETF featuring a hedge fund-style strategy that invests across multiple asset classes and alternative strategies, including long/short positions. The ETF does not have a disclosed fee yet. Historically, this ETF category has been challenging to succeed in, but BlackRock's expertise positions it well for potential market impact. Traders should monitor for fee details and launch updates, as the ETF could influence both traditional and crypto market sentiment upon debut (source: Eric Balchunas).