I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
Market capital has increased to a large extent due to ETFs. Moreover, the total assets of investment platforms like Blackrock are more than the total cap of current cryptocurrencies. As far as I know their total assets are around 9 trillion while the current crypto assets are around 2.89 trillion. So we can assume that they can turn it bearish or bullish if they want. But no one has the power to control Bitcoin. Investing more can change demand but never control the entire network or Bitcoin. We expected a correction especially when Bitcoin overcome previous all time high but the market is still in a positive trend mainly due to the effect of ETFs. Halving and ETFs are going to have a big impact on the market in 2024.