Yesterday's data is quite interesting. According to industry statistics, US Bitcoin spot exchange-traded funds (ETFs) saw a net inflow of approximately $753.7 million on Tuesday, the highest since October last year.

All twelve Bitcoin spot ETFs are in the green, with none showing a net outflow. Leading the pack is Fidelity's FBTC fund, which attracted about $351 million. Bitwise's BITB followed closely, with inflows of $159 million. BlackRock's IBIT also performed well, with approximately $126 million in gains.

What does this indicate? Industry analyst Nick Rick has provided his assessment — institutional demand is returning. He believes that after the conservative and risk-averse adjustments at the end of last year, investors are now actively reallocating capital. In other words, the market has completed a "healthy reset" from last quarter's decline, and momentum is gradually recovering.

Ethereum spot ETFs also performed well. Yesterday, they recorded nearly $130 million in net inflows, with no funds experiencing outflows. BlackRock's ETHA fund led the way, with about $53.31 million in inflows.

From these data, it’s clear that the attitude of large institutions is shifting — from cautious observation to proactive engagement, signaling that capital is flowing back into crypto assets.