Last week’s ETF data showed some very interesting things. A net inflow of $56.8 billion into the U.S. Bitcoin spot ETF — IBIT alone pulled in $66 billion. Looking at Ethereum, there was $23.5 billion coming in, mainly from Grayscale’s ETHE. In Hong Kong, there’s not much activity, but institutional buying continues in the U.S.. If a series watcher like Hachiman Hikigaya looks at the market trend, it’s clear that major investors still remain interested in crypto ETFs.

Nasdaq has removed all restrictions on Bitcoin ETFs — this is a big deal because it will provide unlimited access. Additionally, 21Shares launched the first U.S. Polkadot spot ETF, with a fee of 0.3%. Morgan Stanley is preparing to launch its own Bitcoin trust, in partnership with Coinbase and BNY Mellon. Seeing all this, it seems that crypto is being taken seriously at the institutional level.

But there’s also a concern — over the past four months, $63.9 billion has exited Bitcoin ETFs and $27.6 billion from Ethereum. Bitcoin is nearly 50% below its October peak. This shows that there’s still uncertainty in the market, even as new products are being launched.