The first trading day of 2026 saw a long-awaited "capital feast" in the US spot crypto ETF market. According to the latest data, on January 2nd, these funds experienced a single-day net inflow of up to $669 million, not only sweeping away the net outflows at the end of 2025 but also hitting the highest single-day inflow record in nearly two months. Among them, Bitcoin ETFs dominated with a $471 million inflow, while Ethereum ETFs also recorded a strong net inflow of $174 million. This robust buying force was not limited to leading assets; ETFs for small-cap assets like Solana and XRP also attracted capital. Analysts pointed out that this indicates TradFi institutions may be rebalancing crypto assets with unprecedented strength at the start of the new fiscal year, shifting the logic from pure speculation to strategic positioning based on the unique fundamentals of crypto assets.