Crypto ETF inflows have been pretty quiet these days. The spot ETF market is basically treading water—nothing remarkable coming through.

Then last Friday hit different. On January 2nd, the closing bell brought some serious momentum: BTC ETFs saw $471 million pour in, while ETH ETFs captured $174.5 million. That's the kind of action that gets people paying attention.

So yeah, the market's been subdued overall, but those year-end flows suggest appetite is still lurking beneath the surface. Worth keeping an eye on where this heads next.