The $BTC Spot ETF flows have not done much in 2026 all together.

But I have no doubt that we will see the cumulative ETF flow into the $100B+ region over the next few years.

Whether price is following the same path is a matter of time in my opinion. Every $ these ETFs absorb from larger OG sellers or short term traders, is a more solid and diversified supply & base built for the long term.

2025 was a good example of that. We saw $20B+ of inflows into the ETFs with BTC ending the year just about in the red. Not ideal obviously price action wise, but the fact we did have these inflows and for the coins to have rotated to the ETFs, makes a more solid base in the future. Imagine what price might have done without those flows after all.#GateDerivativesHitsNewHighInFebruary