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In 2026, BTC spot ETF inflows overall haven't shown significant changes.
However, I have no doubt that in the coming years, we will see cumulative ETF inflows exceed the $100B+ level.
As for whether the price will follow the same trajectory, I believe it's only a matter of time. Every dollar these ETFs absorb from larger OG sellers or short-term traders builds a more solid and diversified supply base and foundation for the long term.
2025 is a perfect example of this. We saw ETF inflows exceed $20B+, while BTC was nearly in decline by year-end. Obviously, from a price movement perspective, this isn't ideal, but the fact is we did have these inflows, and these coins have been transferred into ETFs, which establishes a much more solid foundation for the future. After all, imagine what the price might have done without these inflows.