The New Year's holiday just passed, and the crypto market has experienced a wave of "earthquake" in institutional funds. On January 5th, Eastern Time, Bitcoin spot ETF saw a single-day net inflow of $697 million, with a leading asset management giant’s product IBIT alone accounting for $372 million, more than half of the total. More importantly, the historical cumulative net inflow of IBIT has exceeded $62.753 billion. Given its size, it significantly surpasses similar products.

Why is this happening? On the surface, they are all spot ETFs, but fundamentally they are worlds apart. The core competition for Bitcoin spot ETFs essentially comes down to institutional trust. A product launched by a top global asset management firm carries a certain credit rating with regulators—the product structure, fund custody, and risk control systems are all built according to the strictest standards of traditional finance. Pension funds and hedge funds managing hundreds of billions in assets, when choosing tools, are never primarily concerned with short-term gains, but rather with the product’s compliance level and risk management capabilities.

You might ask, isn’t it just holding Bitcoin? Aren’t all ETFs the same? The difference is actually significant. Based on historical data, the fund inflow stability of this institution’s product far exceeds that of competitors. During several market fluctuations last year, other products often experienced outflows, but its net inflow remained positive—this shows how confident holders are. The flow of institutional funds doesn’t lie; where the money goes proves which products are truly valuable.