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#BTC ETF持仓破1530亿美元#
153 billion floor, is Bitcoin an asset or "financial hostage"?
ETF holdings have surpassed $153 billion, and the crypto community is in celebration: Look, Bitcoin has finally been embraced by the mainstream! But don't forget, there's only a thin line between embracing and being co-opted.
Institutions buying Bitcoin through ETFs may seem beneficial, but it actually means that Bitcoin is being 'financialized and hijacked.' In the past, it was free and decentralized; now, it has become a number within an ETF, recorded on Wall Street's ledger, collecting management fees and profiting from liquidity.
But we also have to admit that this 153 billion is a solid moat. Retail investors want to crash the market? Sorry, the lock-up period for ETF funds is longer than your sleepless nights. Moreover, institutional clients are not looking for wild price swings, but rather steady returns, which has unintentionally become a price stabilizer for Bitcoin.
In other words, Bitcoin has transformed from a "free little bird" into a "financial pet"; the cage is bigger, but it is still being watched over.
In one sentence: $153 billion makes Bitcoin both secure and less "wild."