【Aladdin Observation】

📊Historically, spot Bitcoin ETFs rarely account for more than 50% of the entire spot market.

Of course, the exception was at the beginning of 2024 when they were launched for the first time, during which ETF activities even surpassed the broader cryptocurrency spot market.

💥Today and since April, we have observed a gradual increase in the proportion of Bitcoin ETFs in the spot market, a trend that has become more pronounced since May.

Meanwhile, overall cryptocurrency spot market activity has been diminishing.

💡The trend of spot Bitcoin ETFs seems to be making a comeback, and their influence on the market is currently very strong.

Therefore, monitoring the inflows of Bitcoin spot ETFs is particularly important today; fortunately, the current inflow remains strong.

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