I recently looked at last week's Bitcoin ETF news, and the capital flows are quite interesting. The US Bitcoin spot ETF attracted $816 million, while Ethereum's was $187 million, with BlackRock's IBIT taking the majority, pulling in $612 million in just one week. It seems that institutions are still quietly positioning themselves.

Over in Hong Kong, there has also been activity with Bitcoin ETFs, with a net inflow of 4.68 BTC, but there hasn't been much capital coming into Ethereum ETFs. From the options market perspective, trading volume for Bitcoin ETFs is rising, with a long-short ratio of 2.27, indicating a generally bullish sentiment.

There are a few new ETF developments worth paying attention to. Bitwise has updated its Hyperliquid ETF application, with the code BHYP; analysts say this usually means it's about to go live. Morgan Stanley's new Bitcoin ETF had a record first-day performance, and the market reaction was quite positive. Additionally, a "night trading strategy" Bitcoin ETF (NGHT) has also launched; although its first-day trading was average, the volume increased significantly on the second day, so we'll see how it develops.

Interestingly, some analysts pointed out that baby boomer investors increased their holdings by $500 million in Bitcoin ETFs during the market downturn, filling some of the capital gap since the beginning of the year. However, overall, Bitcoin ETF net inflows are still slightly negative this year, indicating that the market is still on the sidelines. Regarding the staking ETF, BlackRock's newly launched product charges a 18% commission on staking yields, which has sparked quite a bit of discussion—some say it's too high, while others believe it's a reasonable institutional cost.