According to the latest 13F filing, Goldman Sachs' holdings of#BTCspot ETFs in the third quarter of 2024 rose to $710 million, up 71% from the second quarter. The newly added main force is in BlackRock's $IBIT, and it is currently the second largest investor in IBIT.

I chatted with a friend in the traditional industry today. She is already the largest broker of an insurance company in Singapore. Today, she also talked about whether to invest in BTC. She felt that BTC at $93,000 was too expensive and she didn't dare to buy it. What I told her was that she should not buy BTC. The more expensive it is, the less she wants to buy it. It is human nature to buy spot ETFs such as IBIT and buy 5% to 10% of her income every month. It does not affect her life and is also considered an investment in BTC.

Moreover, the cycle is long, and we don't stare at the price for a few days. At least after this cycle, we can talk about it. The best way is to see whether these institutions are continuing to increase their positions. If so, continue to hold them. Although Goldman Sachs may not hold them by itself, it may be for others to hold them, but it also shows that there are a large number of high-net-worth users who are willing to look forward to the future of BTC.

So I thought about it and decided to set up a second fixed investment fund. The first one is to invest 3,000CNY per month in Chipmunk. While keeping this fixed investment, I will start investing in IBIT every month, and it is expected to start with 3,000 USD per month. This is not a social experiment. What I want to do is BTCfi after SAB121 is passed.