At this point, what we need to consider is that after the pullback, when Bitcoin continues to rise and then consolidates, when funds overflow outward, which target will be likely to be the first to take over? I think this cycle should not change much. Like the previous three cycles, when the BTC price rises to a certain level, such as 110,000 or 120,000 and stabilizes sideways, funds begin to overflow to ETH. BlackRock’s current promotion is mainly on BTC and ETH. BlackRock said, “For our customers, BTC is definitely the first priority, followed by a little Eth, and very few other things. So you see, BlackRock’s view has always been very clear that BTC is the first priority, followed by ETH, and then other altcoins. This is almost beyond doubt. The main meaning of this paragraph is to promote ETFs related to Bitcoin and Ethereum rather than developing ETFs involving other altcoins.” This, combined with BlackRock’s suggestion a few days ago that investors use 1% to 2% of their funds to invest in BTC, can be seen that BlackRock’s overall context should be that it feels that the development of its own customers is not strong enough. Many customers have not yet allocated to the level of 1% or 2%. This is something BlackRock needs to focus on promoting. And BlackRock does this. From the data of BTC and ETH spot ETFs we publish every day, we can see that BlackRock’s investment in BTC and ETH is over 100 million US dollars almost every day, and the investment in ETH is almost half of BTC. This is enough to show that BlackRock is strongly recommending BTC and ETH to users without considering other altcoins. This is the same as Grayscale in the previous cycles. Grayscale has been buying, ...