According to HODL15 Capital data, the 🇺🇸 Bitcoin spot ETF has been live for 50 weeks, and BlackRock's IBIT has successfully absorbed the selling pressure from Grayscale's GBTC.

When Bitcoin and Ethereum spot ETFs were first launched, the prices did not immediately surge, causing many investors to have a pessimistic outlook on the market.

However, they did not realize that the short-term decline or fluctuation after the good news is an inevitable stage, stemming from the complex process of absorbing selling pressure: profit taking, shifting to low-fee platforms, and the gradual digestion of selling pressure from ETF inflows.

There were concerns about whether Genesis could fill the huge hole in its balance sheet, fearing that GBTC might trigger a 'Gray' swan event.

Looking back now, that was merely a small episode in the long river of history. Although the historical process has been tortuous, the trend is irreversible; the light boat has already overcome many difficulties and is迎接更广阔的前程！$BTC $XRP $ETH #2025有哪些关键叙事？ #加密ETF申请热潮涌现 #币安Alpha公布第8批项目 #FlokiETP流动性提案通过 #美国加密立法或将重启