I just reviewed the Bitcoin ETF entry numbers and things look interesting. Flows remain positive, with nearly $186 million entering last Wednesday. It's not spectacular compared to previous days, but consistency is what matters here.

What catches my attention is how BlackRock is absolutely dominating. Their fund put in almost $292 million in a single day, the best performance I've seen in weeks. Morgan Stanley is also gaining traction quickly with their new product. But not everything is rosy: Fidelity and some others are seeing significant outflows, so clearly investors are being selective about where they put their money.

Bitcoin's price is also playing its part. It's hovering around $77,400 this week, up nearly 4% in the last 7 days. Since the $60,000 floor a few months ago, we're talking about a recovery of almost 25%. Of course, we're still far from the previous high, but the momentum is there.

The interesting thing is that these Bitcoin ETF flows and price movement go hand in hand. It seems that big investors are returning cautiously but with intent. If the price keeps rising, we’ll probably see more institutional capital entering these funds.