#加密市场技术分析 Recently, I saw a discussion about Metaplanet and BTC ETF that is worth following. From the perspective of Technical Analysis, BTC ETF provides a static exposure, while Metaplanet, as the operating company, can continuously increase its holding of BTC. The roles and positions of the two are fundamentally different.

ETF provides investors with a relatively passive channel for BTC investment. Unless actively increasing their positions, the amount of BTC held will not increase. The strategic core of Metaplanet is to continuously increase the per-share BTC exposure through operating income, which is a more proactive strategy.

Therefore, the emergence of ETFs will not directly undermine Metaplanet's core advantages. For investors, these two tools can be chosen based on their own needs and risk preferences. In the future, it is necessary to continue to follow the actual performance after the ETF launch, as well as Metaplanet's operating data, to assess their impact on the market.