There is a phenomenon worth noting about the BTC spot ETF, that is, IBIT under BlackRock has almost no large net flow since the end of August, while Fidelity's ETF has become the main force of buying;

But I vaguely remember that someone had previously counted that most of BlackRock's clients are institutions and funds, while most of Fidelity's clients are retail investors. Is this a problem worth worrying about?

After all, institutions don't buy, but retail investors are buying, which feels a bit strange...

In any case, as long as the ETF still maintains net inflows, it is generally good, and the consensus of retail investors is also a consensus!

I hope these funds can be used as diamond hands, just don't grow paper.