Although the news that the Yitai ETF is about to be approved is widely circulated, why has its price been slow to rise? There are actually two key reasons behind this:
First, the current market is particularly short of capital flow. The current price has fully reflected all the market's expectations for future trends, and the lack of new capital injection makes it difficult for the price of Yitai to get a substantial boost.
Second, we learned that many institutions and large investors hold more than half of their holdings in altcoins, and these assets are currently in a locked-in state. In contrast, there are fewer investors holding mainstream coins such as Bitcoin, so even if Bitcoin makes a profit, these funds are unlikely to flow to Yitai or other altcoins.
However, it is worth mentioning that once the Yitai ETF is officially approved, it is expected to attract a large amount of off-market funds to flow into the market. At that time, the price of Yitai may usher in a real surge. Therefore, although the current market is a bit quiet, investors should still pay attention, because the approval of the Yitai ETF may bring new vitality and opportunities to the market.