BlackRock's IBIT fund size has reached 16.5 billion US dollars, while Grayscale has continuously outflowed 17.7 billion US dollars, making IBIT the world's largest Bitcoin ETF.
In this volatile cycle, retail investors are continuously selling chips, while institutions are continuously buying.
Of course, institutional buying does not mean that the market will not fall in the short term, but from a long-term perspective, it is actually difficult for retail investors to get on the bus after getting off.
Just like Sun Yuchen bought a large amount of Ethereum at around 3100, and Ethereum later fell to more than 2800, and a group of people shouted that Sun Ge was a leek.
The result is always slapped in the face.
So now institutional buying is the same, they see Ethereum and Bitcoin in the big bull market.
Market optimists predict that in this round of bull market, with the approval of Ethereum ETF, Wall Street capital will enter the market crazily, which may push Ethereum to a peak of 14,000 US dollars.
If this goal can be achieved, then Ethereum will be very cheap now. Once again, please hold on to it.
