Based on data, the attracting power of spot Bitcoin ETFs is indeed formidable. As of December 15, since their launch in January 2024, the cumulative net inflow has reached $57.7 billion, a 59% surge from $36.2 billion at the beginning of the year. What does this growth rate indicate? Institutional investors' attitudes are clearly shifting.

However, it is important to note that the process of capital inflow is not a straight line upward. Taking October as an example, when Bitcoin's price approached a record high of $126,000, investors rushed in, with $1.2 billion pouring into spot Bitcoin ETFs in a single day. But the situation a few weeks later showed some retracement. Such volatility is quite normal; market sentiment swings with price movements and news.

It is also worth paying attention to regulatory changes. Following policy adjustments earlier this year, asset management companies finally had the opportunity to launch products tracking the spot prices of Bitcoin and Ethereum. Moreover, emerging crypto ETFs like XRP and Solana have also been introduced, marking a continuous increase in market recognition of digital assets.

Citi's recent forecast has sparked considerable discussion— they believe Bitcoin could reach $143,000 by 2026. Combined with the current ETF capital inflow momentum, institutional investors are evidently preparing for the next wave of market trends. The power of this ETF capital influx may be stronger than many people have anticipated.