Counting the changes visible to the naked eye in the crypto industry (4/5)
Funds have not flowed into the cryptocurrency circle
In the past, investment institutions in the industry were all knowledgeable people. In addition to understanding BTC, they also understood Ethereum. In addition to understanding Ethereum, they would also actively invest in various innovative coins.
But this time is different. After the ETF, the funds invested in BTC are not directly circulated on the chain, but remain in other markets thousands of miles away. These funds only circulate on BTC, and are basically not interested in innovative coins or investments outside BTC.
Let me put it this way: the institutions that came in the last two rounds all understand the industry and all brought money to invest in the industry, while many new institutions in this round are only interested in BTC (as a hedge configuration).
Therefore, whether Ethereum can successfully pass the ETF this year is actually very important, which determines whether it can have a large amount of new funds to invest in it. If there is no ETF, it is really not that easy to violently push the market value and unit price of Ethereum by relying on these existing institutions in the market
