The spot Bitcoin ETF attracted nearly $1 billion in a single week, driven by a rebound in risk appetite and capital inflow

Last week, the spot Bitcoin ETF recorded a net inflow of approximately $996 million, marking the strongest single-week performance in three months, indicating a clear recovery in market risk appetite. Specifically, the pace of capital inflow accelerated last week: on Friday, the single-day inflow reached $664 million, the highest of the week, while on Tuesday and Wednesday, inflows were $412 million and $186 million respectively. On Thursday, inflows slowed to $26 million, and on Monday, there was a net outflow of approximately $291 million. As of Friday, the total asset size of the spot Bitcoin ETF has surpassed $101 billion, with daily trading volume approaching $4.8 billion.

Market analysis suggests that the capital inflow is mainly due to the easing of geopolitical risks, particularly the cooling of the U.S.-Iran situation and the resumption of navigation in the Strait of Hormuz, which has weakened the demand for traditional safe-haven assets like the dollar, driving funds towards the cryptocurrency market and other risk assets. Structurally, Bitcoin is currently still in a range-bound phase, with resistance around $75,000 and support around $72,000. The market is in a "liquidity redistribution" phase and has not yet formed a clear trend.