There was an interesting phenomenon in the spot ETF data on Thursday, which is that although the spot price of BTC has risen well, driving the ETF price to also rise, the FOMO sentiment of ETF investors has not been high, feeling completely mismatched with the rising price. Although net inflows are still maintained, and although BlackRock investors are still the main buyers, they can clearly feel the decrease in purchasing power. Only three institutions bought less than 1200 bitcoins, and even if the price of BTC exceeded $100000, it did not increase the purchasing power of ETF investors. I wonder if ETF investors did not believe that the upward trend would continue in the future? At present, it is uncertain. Let's look at the data on Monday and Friday before deciding. However, ETF investors often have a higher overlap with US stock investors, and the performance of US stocks today can only be described as average, without the impressive rise of BTC. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex