Recently, Binance has been launching new coins like crazy. Binance has recently launched 6 new projects, further diluting the already illiquid market!
At this time, we need to consider which target will be the first to take over after the callback, when Bitcoin continues to rise and consolidates, and when funds overflow, 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, funds begin to overflow to ETH.
BlackRock is currently promoting 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 passage is to promote ETFs related to Bitcoin and Ethereum rather than developing ETFs involving other altcoins."
