Although the market fell slightly on Monday due to tariffs and Musk's reasons, the data of BTC spot ETFs remained normal, which is also related to the relatively strong price of Bitcoin. BlackRock and Fidelity both had net increases of over four digits, and even Fidelity's increase exceeded BlackRock's investors. Moreover, 11 US spot ETF institutions did not have net outflows. The sentiment of investors is still good, but this is also a question that has been discussed for the past week. Although it is a net inflow, the difference in inflow compared to the same price period last year is too large. Most traditional investors have not made large purchases in the spot ETF field, and only a few investors have buying and selling behavior. Data address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing