Eric Balchunas, a senior ETF analyst at Bloomberg, wrote on the X platform that Bitcoin spot ETFs have seen net inflows of $2.5 billion this month, just one step away from completely filling the year-to-date outflow gap. BlackRock's IBIT has already achieved positive net inflows for the year and has entered the top 2% of all ETFs in terms of year-to-date inflows. Despite Bitcoin's price falling by about 40% over the past six months and facing widespread negative publicity, ETF funds have shown remarkable resilience. In contrast, when gold fell by 40% in a short period 10 years ago, about one-third of investors chose to exit, while Bitcoin investors have clearly held on much more firmly. (Eric Balchunas clarified that this was not intended as disrespect to gold investors, but rather an observation that Bitcoin's situation is unusual.)