2025-12-16 22:35:13

Monday's Bitcoin decline was not really surprising, and the outflow of funds from the spot ETF is also understandable. Interestingly, this wave of selling mainly came from investors on the Fidelity side—they have always been typical of chasing gains and selling on dips, so there's no major issue to see. On the other hand, both BlackRock and Grayscale's actions have been relatively calm, with little data fluctuation. This conveniently confirms my previous judgment: traditional investors' enthusiasm for crypto assets is indeed cooling, and the spot ETF market is gradually losing its initial appeal.

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SignatureCollector

· 12-18 03:37

Fidelity is causing trouble again. This trick is clearly the old playbook of chasing gains and selling losses.

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ThesisInvestor

· 12-18 00:39

Fidelity's recent moves are truly textbook-level chasing gains and selling at a loss, hilarious --- BlackRock and Grayscale are remarkably calm, they seem to be the real experts --- The popularity of spot ETFs is indeed cooling down, it was obvious that many would rush to exit this wave --- With Fidelity's style, no wonder traditional investors always end up taking losses in crypto --- Grayscale and BlackRock show no signs of turbulence, the contrast is very obvious --- To put it simply, when spot ETFs first launched, they were just a trap for retail investors; it's normal for the interest to now cool down --- Fidelity really has turned chasing gains and selling at a loss into an art form --- BlackRock's calm and composed demeanor, could it be that they've seen through everything? --- The situation is indeed as you predicted, the cooling of interest is visibly noticeable

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GateUser-c799715c

· 12-16 23:05

Fidelity is starting to chase gains and sell off again; these people have never done anything good.

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ProtocolRebel

· 12-16 22:59

Fidelity is showing off again, sticking to the old routine of chasing gains and selling losses. BlackRock, on the other hand, is remarkably steady; those who truly understand are staying put. The enthusiasm from traditional funds has faded, and this is just a normal correction, nothing to panic about. The attractiveness of spot ETFs has been declining, which has been evident for a while. Institutional differentiation is becoming more and more obvious; the era of different treatment has arrived. The silence from Grayscale and BlackRock actually says more than anything else.

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RunWithRugs

· 12-16 22:53

What is Fidelity up to again? Falling into the old routine of chasing gains and selling losses.

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ParallelChainMaxi

· 12-16 22:50

Fidelity's people are really the textbook example of chasing gains and selling losses. They run at the slightest breeze or disturbance, not worth paying attention to. BlackRock and Grayscale are the real institutions. They can stay calm, and that's what professionalism looks like. The popularity of spot ETFs is indeed fading, but in the long run, it might not be a bad thing. Capital outflows? Just the right opportunity for true believers to jump in and be filtered out. This wave of decline hasn't shaken out enough, it's kind of interesting.

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