#ETF与衍生品 Recently, I saw Cathie Wood say that she is most optimistic about BTC, ETH, and SOL, and I just realized that the perspectives of the big players are so different. 😲 Bitcoin is positioned as the entry point to the global monetary system, Ethereum as institutional infrastructure, and Solana focuses on consumer applications... It seems that each public chain has its own story.

But what makes me more curious is that the news keeps mentioning that ETFs and institutional entry will become the key variables in the next phase. What does this mean? ETFs sound like they are related to derivatives in the crypto space as I understand, but I’m still a bit confused about how exactly they operate. 😅 Traditional big institutions like Morgan Stanley and Bank of America entering through ETFs—what impact does this have on small retail investors like us? Is it a positive signal?

I feel I need to brush up on the basics of ETFs and derivatives, or I always feel like something is missing when I look at market news. Can any experts give a simple explanation or recommend some beginner materials? Thanks, everyone! 💪