In recent days, there has been an interesting phenomenon in the crypto ETF market—US BTC and ETH spot ETFs continue to attract funds, driven by major players in traditional finance. ETF products from asset management giants like BlackRock and Fidelity have been consistently attracting capital, becoming the main force behind the capital inflow. What does this indicate? Crypto ETFs have already become the standard tool for traditional institutions to allocate crypto assets, and the line between traditional finance and the crypto market is becoming increasingly blurred.

How about the specific data? As the world's largest asset management company, BlackRock's IBIT Bitcoin ETF saw a net inflow of $144 million yesterday, with a total net inflow surpassing $62.19 billion, making it the largest crypto ETF product globally. This ability to attract funds is partly due to BlackRock's extensive institutional client base and also reflects its long-term bullish outlook on Bitcoin. Even more impressively, the cumulative net inflow of IBIT this year has already exceeded that of some traditional gold ETFs, making it a new favorite for institutional asset allocation.

Fidelity is also not to be outdone. Its FBTC Bitcoin ETF saw a net inflow of $78.59 million yesterday, and the FETH Ethereum ETF also attracted $3.7 million, with both products maintaining steady growth. Fidelity's accumulated experience and compliance advantages in traditional finance have encouraged conservative institutional investors to participate, making them an important force in the crypto ETF market.

This wave of traditional finance increasing its layout has brought tangible changes to the crypto ETF market: firstly, it has enhanced compliance and credibility, significantly reducing the investment concerns of traditional institutions; secondly, it has attracted more conservative funds into the market, strengthening the market foundation.