Биткойн ETF в начале года столкнулся с охлаждением: чистый приток в 1 миллиард долларов за три дня был стертым, доверие институциональных инвесторов ослабевает

【Block Rhythm】In the first two trading days of the year, Bitcoin ETFs showed impressive performance with net inflows exceeding $1 billion, which briefly filled the market with optimistic expectations. Investor risk appetite seemed to be recovering.

However, good times didn’t last long. In the subsequent three trading days, Bitcoin ETFs experienced consecutive net outflows, with cumulative outflows reaching $1.128 billion. What does this mean? The $1.16 billion net inflows from early this year were almost completely wiped out. From the data, Bitcoin ETF capital flows from the beginning of the year to now are basically balanced.

This reversal is worth pondering. The initial hot money that rushed in seemed to have encountered some resistance. It could be valuation pressure, or it could be risk warnings. In any case, institutional investor confidence is weakening. The optimistic voices that were amplifying momentum in early month are now being cooled by the reality of asset performance.

There are two variables to watch going forward: U.S. employment data is about to be released, which typically shakes market sentiment; relevant Supreme Court rulings could also trigger chain reactions. These factors combined together may increase market volatility around the weekend. Investors need to be prepared.