In simple terms, the situation with BTC spot ETFs is as follows: previously, there was a net outflow of over 4000 BTC, but now it has reversed, becoming a net inflow of over 2000 BTC. It can be seen that short-term funds are following the market trends; when prices go up, they come in.

However, institutional actions differ. BlackRock sold over 400 BTC when BTC prices rose, while Fidelity bought a significant amount, becoming the main support for buying during this period.

Additionally, it should be noted that although funds are coming in, compared to the previous similar magnitude of BTC increases, the current net inflow scale is relatively low in the past month, and overall purchasing power is still quite weak, lacking strong support. #加密ETF十月决战