Wu said that Bloomberg ETF analyst Eric Balchunas tweeted that Bitcoin spot ETFs are "like a fierce lion entering the market" at the start of 2026. In the first two trading days of the year, the total net inflow was about $1.2 billion, equivalent to an annualized inflow of approximately $150 billion. He pointed out that if it can attract $22 billion in capital inflows even in a poor market environment, then when macroeconomic conditions improve and the "sunshine" returns, the capital attractiveness may be further amplified.