Today's ETF Observation📈：

Bitcoin spot ETF has returned to 'recovery mode' again, with net inflows exceeding $300 million, but this time it's largely thanks to one 'big player'—BlackRock is shouldering the banner alone!

In the last bull market, Grayscale and MicroStrategy were the pioneers, and this round it's the turn of traditional giants like BlackRock and Fidelity to take the baton, with a more mature style and stronger firepower.

However, it must be said that MicroStrategy is a true fan; not only do they hold steadfastly, but they are also continuously increasing their positions. The result is—

In the past month or so, Bitcoin has risen by about 30%, while MicroStrategy has skyrocketed by over 70%!

It can be said that it is like a leveraged Bitcoin, rising sharply but also falling hard.

Currently, Bitcoin is near historical highs, and if the ETF continues to see net inflows, it indicates that there is still a lot of capital waiting to enter. When the short sellers run out of ammunition, it might be the moment for Bitcoin to surge to new highs again.

Of course, don't forget the fundamentals: every move by the Federal Reserve, especially regarding interest rate policies, remains a key variable behind the crypto market, as the attitude of capital can change swiftly.

Meanwhile, the Ethereum ETF is also quietly attracting funds, slowly but steadily accumulating traffic...

Will it be the next to explode? We shall see. #贸易战缓和