Speaking of ETFs, this term has indeed become a bit cold in the crypto world. I still remember back in 2021, almost every major exchange launched various ETF products—leverage, shorting, spot... all kinds of styles.

That was when I fell into a trap. With 5,000 yuan in my hands, I played a 3X short ETF on FIL, and accidentally lost it all down to just 2,000. That feeling, I still have a deep impression of it to this day. But interestingly, the remaining 2,000 actually turned around on a Meme coin.

Thinking carefully, ETFs have really lost their presence in exchanges over the years. Is it because the market has chosen a new direction, or because everyone has learned to play more cautiously? Maybe both.