#BTC

Big piece of spot ETF, BlackRock may be the first to transfer trust assets (about 200 million US dollars) into the spot BTC ETF. What is more worthy of attention is when BlackRock decides to put IBTC into their total amount of nearly 10 trillion. dollar portfolio model. Yiannis Giokas, senior director of Moody's Analytics, said that competition is heating up. The BTC spot ETF is expected to be approved by the SEC in January. Large asset management companies are ready to buy more BTC before the launch of the spot BTC ETF to retail and institutional investors. ETFs are available.

Let’s turn our attention to the chain. Short-term holders sold nearly US$4.5 billion in Bitcoin in the past four days, and yesterday it reached US$1.5 billion in a single day. This is the largest amount since November 2021. Take profits. This on-chain behavior is reminding us of risks. When the current currency price rises to this level, a large number of profit-making orders will definitely leave the market. The reason why the currency price can still rise is entirely because the positive effects of ETFs have driven new funds to enter the market.