Since the listing of the Bitcoin ETF, the net inflow of funds has reached 14.4 billion US dollars. According to Lubianshe, if the Big Concubine ETF is approved, it will attract 3-5 billion US dollars of off-market funds. So why does everyone know that the Big Concubine ETF is about to be approved, but the price has not risen significantly?
I think there are two reasons:
1. Lack of funds on the market. The current price has reflected all expectations, and there is no new capital entering the market to push the price up.
2. More than 50% of the holdings of many institutions and large investors are altcoins, and they are currently in a quilt state. There are fewer players holding Bitcoin, and the profit funds of Bitcoin cannot flow into the Big Concubine and altcoins.
Therefore, once the Big Concubine ETF is approved, a large amount of off-market funds will enter the market, and the price may rise sharply.
