The old American ERF market opened, and finally everyone discovered that the so-called 'cash delivery' ETFs with several trillions of American funds entering could not pull the market. The reason is that the ETF they buy is something similar to futures, unlike the spot we buy on the exchange, and the spot we buy is a bargaining chip that can pull the market down. The ETF only tracks a Bitcoin index or synthesizes some functions like the Canadian Bitcoin ETF, such as dividend distribution, environmental protection, etc. In the currency circle, it is called a hard fork of Bitcoin, just like bch, etc. In addition, Canada is opposite the United States, and Americans and Canadians can buy from each other. In 2021, Canada had already launched many different ETFs with different concepts, including Ethereum. 🤔