Before the BTC ETF was officially approved in mid-January, the positive expectations rose by 18,000 points. After the approval in mid-January, it fell first and then rose, first falling by 7,000 points, and then rising by 20,000 points in February-March. It is equivalent to a 100% drop after approval and then a 300% increase. ETH's ETF can refer to the trend characteristics of BTC. After approval, it must first smash the market, otherwise the banker will make a penny? It is not a philanthropist. Moreover, the BTC market has been rising for half a month, and it will continue to rise? Is it possible? There are ups and downs, which is a healthy market!
It has to be said that the ETH ETF's rising expectations are really flat and lagging. BTC has broken the highest point of the last bull market, while ETH not only did not break through, but also fell for a month after mid-March. BlackRock's funds are not unlimited. If the main force engages in BTC, it will be biased towards ETH. If the funds are moved to ETH, BTC will fall, and if BTC falls, ETH will fall synchronously.
At present, the main problem is that there is no fresh blood entering the market. It is necessary to implement a loose monetary policy and a large amount of funds entering the market to enhance liquidity. Only when the tide rises can there be a big market. At the same time, ETH and BTC cannot be compared. After all, BTC is the big market of the currency market.