The time for the SEC to reply to ETFs is getting closer and closer. The counterfeit market has been a mess these days, and I have suffered heavy losses. Today I decided to cut my losses reluctantly. Let me tell you the reasons:
In the past few days, the rise and fall of Auntie Bing has not been large, and the funding rate has not increased, but the copycat funds have been wiped out. Some copycat funds have even fallen by nearly 50 points from their highest point to now, but the greed index has not decreased at all. The market feels very strange. Personally, I think the reason for this result may be the result of Bing's accumulation of funds, which may mean that the Bing ETF will pass, but passing may not mean a hundred flowers blooming. At the beginning of the bull market, Bing attracted copycat funds, and in the middle and late stages of the bull market, copycat funds attracted Bing. So in view of this situation, I still reluctantly cut my losses and only kept Auntie Bing and copycat funds that can withstand a 40-point drop. Regardless of whether the ETF passes or not, I am afraid that the copycat market may not be particularly good, so I dare not take risks. Just bear with it. Alas, I have suffered heavy losses in the past few days, so everyone should take it easy. I wish you wealth freedom in 2024.
