On Monday, the buying sentiment for bitcoin:native spot ETF improved somewhat, which was expected since the signing went smoothly over the weekend. Therefore, some investors may hope to take advantage of the opportunity for an increase. However, data also shows that besides BlackRock's investors, most other institutions are mainly selling.

It is likely because the signing has been finalized, and some investors have already taken their profits from the increase, so they are preparing to exit. But whether buyers or sellers, the number of investors is relatively small; more traditional investors are still in a wait-and-see state.

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