I try to think about it by standing on BlackRock's shoulders.

#BTC#ETF this thing.

Institutions such as BlackRock want to bring about a wave of bull market, which is already a state of clear cards.

Their vision and the problems they see are different from the problems we see.

Since they want to drive an unprecedentedly grand bull market, they must consider the current macro factors. Financial environment, economic cycle.

Therefore, before this condition is met, the ETF will most likely be postponed indefinitely.

2024 is the time of the U.S. presidential election, and the situation will also change. For example, Trump will come to power and introduce economic recovery policies. The international situation will also change, and the global economy is expected to recover.

From this point of view, the monkey market may be longer than we expected.