The Dow Jones Industrial Average opened up 164.38 points, while the S&P 500 and Nasdaq declined.

The three major U.S. stock indices declined slightly before the market open, with NVIDIA (NVDA) down 1.34%.

The three major U.S. stock indices edged lower before the market open, with the Nasdaq down 0.01%, the Dow down 0.08%, and the S&P 500 down 0.07%. The seven major tech stocks generally declined, with Apple down 0.16%, Microsoft down 0.29%, and Nvidia down 1.34%.

Opinion: Tether's purchase of gold is a strategic treasury decision, and Bitcoin and gold can coexist as complementary assets.

Ivan Lee of QCP Group stated that Tether's large-scale gold purchases are a strategic treasury decision aimed at reducing correlation with the crypto market and hedging risks. Tether has accumulated approximately 130 tons of gold, accounting for 10% of central bank gold purchase demand during the same period. Investors can mitigate short-term and long-term risks by allocating assets in both gold and Bitcoin.

Opinion: The price of Bitcoin will not be explicitly suppressed by ETF approval participation institutions, but the price discovery mechanism may be affected.

The mechanism of Bitcoin ETFs has sparked market manipulation speculation. Experts believe that the price suppression issue is related to the structural characteristics of the ETF. The flexible operations authorized participants can perform may affect the price discovery mechanism, and their impact on the market should be closely monitored.