The recovery of flows in Bitcoin ETFs is still real, although it has not yet been fully completed. I have been monitoring how these Bitcoin ETFs are performing lately, and the capital inflow trend is clear, but there are ups and downs that suggest the process still has a way to go.

Bitcoin ETFs have been attracting more money than before, especially in these months. But if you look at the data in detail, you'll see that it is not a continuous and steady flow. There are days with strong capital inflows, others with outflows. It's as if institutional investors are gradually gaining confidence, but without rushing.

The interesting thing is that although Bitcoin ETFs show recovery, we haven't yet seen the peak that many expected. This could mean we are in an intermediate phase: the worst has already passed, but this positive trend still needs to be consolidated.