After 5 consecutive weeks of net outflows, ETFs finally saw a big inflow—$258M in a single day on February 24th. Damn, last week was still a -$315.8M weekly net outflow, and this week, a single day brought in $258M. Although the whole week might still end up negative, this marginal change is way too obvious. Institutional money isn’t like retail investors; they don’t FOMO their way in. Buying when the Fear and Greed Index is at 14 shows someone did the math and thinks it’s worth it. A lot of people wait for 'three consecutive weeks of ETF net inflows' before they dare to follow. The problem is, by the time that happens, the price is already nowhere near this level. Back in January 2024, around the ETF approval wave, those who waited for confirmation ended up with an average cost 30% higher.