In recent movements of the crypto market, we have observed a key event: the global renowned cryptocurrency exchange, Gemini, transferred some of its BTC holdings to the spot Bitcoin Exchange-Traded Fund (ETF) HODL Bitcoin by VanEck. Specifically, 84.846 BTC were shifted from Gemini's marked address to this ETF, making the value of this batch of digital currencies approximately $4.91 million. This event once again highlights the intertwining interaction between cryptocurrencies and traditional financial markets, as well as the interest and strategies of investors in Bitcoin as an asset allocation.