Recently, I feel that unless some special events occur to change traditional investors' views on cryptocurrencies.

CN
Phyrex
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4 hours ago

Recently, I feel that unless some special event occurs to change traditional investors' views on cryptocurrencies, the situation regarding both $BTC and $ETH spot ETFs is likely to remain the same. When the price of coins drops, there will be slight selling, which won't have a significant impact on the spot price. When the price of coins rises, there will be slight buying, which also won't provide much help to the spot price. This reflects the current attitude of traditional investors towards cryptocurrency ETFs.

They can't buy much, and they can't sell much either; it's mainly about watching the show. This is primarily because the investors in spot ETFs are more long-term oriented and are not very interested in short-term price fluctuations. To stimulate them to buy again, besides improving liquidity, new political and narrative content is also needed. Unfortunately, I really can't think of anything at the moment.

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