I just saw the US crypto ETF data yesterday, and it turns out there was a massive influx of funds around $265 million. Bitcoin clearly becomes the main star here, with the spot Bitcoin ETF alone absorbing +3,740 BTC. Ethereum also increased, but its demand is much smaller compared to BTC.

Interestingly, BlackRock appears to be the biggest buyer, purchasing more than 4,000 BTC worth tens of millions of dollars. This is not just retail buying, but seriously institutional. Bitwise and other major players are also active, although some funds like Fidelity have actually reduced their Bitcoin positions.

The latest data shows BTC at $77.98K, ETH at $2.32K, and other altcoins like SOL, XRP, LINK also showing positive inflow. Based on this pattern, institutions are truly bullish on Bitcoin. But the market situation remains TDB (to be determined) moving forward, depending on whether this momentum can be sustained or is just temporary.

What needs to be watched is that the US Bitcoin ETF can absorb the new Bitcoin supply generated over 8 days in a single day. That’s a strong signal that institutional demand is serious. So for traders and investors, watch carefully how this dynamic will influence BTC and ETH performance going forward.