As can be seen from the chart, despite the recent significant single-day capital outflows (red bars), the overall capital inflow trend has remained strong since the beginning of the year. Meanwhile, the price of Bitcoin has also continued to rise, currently reaching $104,430, which shows a positive correlation with the trend of ETF net assets.
This indicates that, despite the short-term corrections or capital cash-out pressures, institutional investors still maintain a strong interest in the medium to long-term allocation of Bitcoin. With the regulatory framework gradually becoming clearer, spot ETFs are expected to become an important barometer for market liquidity and price trends.