#加密ETF申请热潮涌现

With the continuous rise in BTC prices over the years, more people have started buying ETFs. Of course, the application for crypto ETFs has also become a trend.

Below is a repost.

Since the emergence of ETFs, as their scale has grown larger, they have brought about two different impacts compared to the past. Firstly, with institutions holding a large amount of coins, the extent of the declines in BTC and ETH will be somewhat limited, as institutions will not actively sell off their large amounts of spot holdings; otherwise, the overall valuation of other holdings would plummet. The second impact is that as the total market value of ETFs and institutions increases, they will be influenced more and more by the overall performance of the US stock market, mainly because investors' funds will need to balance across various assets, such as balancing between different margins.

$BTC