## New Year Market Opening ETF Funds Frenzy, BlackRock Bitcoin Spot Product Performs Brightly

The first trading day of the US stock market has gone viral! According to the latest data from Bloomberg ETF analyst Eric Balchunas, on January 2nd, the net ETF capital inflow reached as high as $7.1 billion in a single day, which is enough to demonstrate how enthusiastic the market is about US stock ETFs.

Based on this pace, if the inflow continues at this rate for the whole year (of course, this is just a theoretical assumption), the total ETF inflow for the year could reach around $1.8 trillion—showing investors' strong enthusiasm for allocation.

### Traditional giants still lead, new players emerge

In this capital feast, Vanguard’s VOO (tracking the S&P 500 index) unsurprisingly ranks first on the list. As an "evergreen" in US stock ETFs, it consistently attracts funds every trading day, and the first day of the new year is no exception.

BlackRock’s SGOV also maintained its usual popularity. But more noteworthy is the company's Bitcoin spot ETF product IBIT, which saw a single-day inflow of $287 million, ranking tenth among all ETFs—this is a remarkable achievement considering the fierce competition from many traditional large funds.

### New Year Market Trends Begin to Emerge, Market Narratives Are Quietly Changing

Overall, the capital flow at the start of this year’s market is largely consistent with last year, with no major shifts. However, as analysts point out, although the current sample size is small and there is some data noise, the main market tone often begins to take shape during these few trading days of the new year.

BlackRock’s strong performance in the Bitcoin spot ETF reflects investors’ continued enthusiasm for digital asset allocation and also validates the increasing importance of crypto assets in traditional investment portfolios. The market performance at the start of the year somewhat foreshadows the major asset allocation trends for this year.