Recently, I feel that unless some special event happens to change traditional investors' views on cryptocurrency, both BTC and ETH spot ETFs are likely to stay as they are. When prices drop, there’s only small-scale selling, which doesn’t have much impact on spot prices. When prices rise, there’s only small-scale buying, which doesn’t really help spot prices either. This pretty much sums up traditional investors’ attitude toward crypto ETFs right now. They’re not buying much, and they’re not selling much either—just watching from the sidelines. The main reason is that spot ETF investors are more focused on long-term strategies and aren’t very interested in short-term price fluctuations. To get them to start buying again, besides improving liquidity, we’d need new political or narrative-driven developments. Unfortunately, I can’t think of anything for now. Bitget VIP—lower fees, bigger perks.