Wu said that Bloomberg ETF analyst Eric Balchunas tweeted that the funding gap has nearly been filled since the beginning of the year, with recent daily capital inflows of about $500 million. Among the 11 early Bitcoin spot ETFs, 10 have experienced capital inflows. He pointed out that since the Iran attack and rising geopolitical risks, Bitcoin has risen about 12%, while gold prices have fallen. However, he believes it is not appropriate to judge the failure of gold as a safe haven or Bitcoin's rise driven by geopolitical factors solely based on short-term price movements. Market changes may also be related to the fading of institutional factors, shifts in market sentiment, and investor profit-taking.