The recent surge in cryptocurrency spot ETF inflows has been quite remarkable. BlackRock's IBIT recorded $143 million in a single day, directly widening its lead. Ark's ARKB followed closely with $109 million, and Fidelity's FBTC contributed $78.59 million. The combined net inflow of these three major spot ETFs reached $355 million in one day, indicating that institutions are increasing their positions.

What does this shift mean? The previous streak of seven consecutive days of net outflows totaling $1.12 billion has finally turned around. It appears that institutional investors, after a period of adjustment, are starting to buy on dips. From a market psychology perspective, this reversal from outflows to inflows often signals that risk assets are regaining favor.

Macro signals are also aligning. Industry expert Arthur Hayes has pointed out that global dollar liquidity bottomed in November and is now in a recovery cycle. As we enter 2026, the funding environment is indeed improving. The ETF buying behavior of institutions may be a practical reflection of this judgment—when dollar liquidity improves and the market bottom is confirmed, large funds will consider building positions.

Of course, short-term volatility will still exist, but from this perspective, the story of capital flows is becoming more favorable. Have you already adjusted your strategy?