The popularity of technology ETFs that hold AI first-tier market underlying assets is high. In essence, it reflects investors’ spillover demand to allocate to high-quality assets from non-public markets, rather than having any direct positive impact on crypto assets like BTC or ETH. Recently, after the launch and sale of several technology ETFs with small holdings of OpenAI and Anthropic, sales have been booming. Many investors mistakenly believe that buying such ETFs is equivalent to gaining access to top-tier AI asset allocation rights, and end up blindly following the trend. The growth rate in the size of these products has far exceeded that of ordinary technology ETFs. If, going forward, these ETFs’ holdings structure continues to tilt toward AI leading companies, and if risk appetite for crypto assets becomes decoupled from that for tech stocks, then there will be no direct positive support for crypto assets’ price trend. Instead, it could potentially divert funds that would otherwise have gone to crypto ETFs, making it difficult for the crypto market to strengthen overall in the short term. $BTC $ETH #ETF动态 #加密市场联动 #Crypto ETF