Last time we talked about BTC spot ETF inflows, I wonder if you guys noticed that the top-ranked ETF is VOO, Vanguard's S&P 500 spot ETF. The latest data shows that in the past week, VOO had a net inflow of $40.5 billion, while the total inflow for all of 2025 so far is only $163.7 billion. What does this mean? It means that the amount of money investors put into the S&P 500 ETF in the past week is 25% of the total inflow over the past 11 and a half months. The second-ranked ETF, IVV, is BlackRock's S&P 500 broad index, and the third and fifth-ranked ETFs are also related to U.S. stocks. This indicates that a large amount of capital has started flowing into U.S. stocks over the past week. Although ETF data does show that some assets originally allocated to cryptocurrencies have moved into U.S. stocks, Bitcoin and tech stocks are still strongly correlated. Cryptocurrencies remain tied to the U.S. macroeconomic environment. So, in my opinion, as long as U.S. stocks can maintain their upward momentum, at the very least, Bitcoin won't perform too poorly. Of course, due to liquidity factors, it's very possible that BTC is just a more marginal "stock" within the tech sector, with potentially larger price swings. @bitget VIP, lower fees, crazier perks.