Bitcoin ETFs ow over a $1b in YTD flows (having dug out of the outflow hole and then some). Next thing to watch is the cumulative lifetime net flows (MOST IMP and HARDEST NUMBER). This number peaked at $62.8b, curr $58b so about $5b away from hitting new highs there (again, half the battle with building a big boy category is to not lose too much in bad times so less hole to dig out of, and I can tell you right now, no type of hot sauce has ever held up as well as spot btc ETFs in that regard)