Yesterday's data in US Eastern Time is quite interesting.

According to SoSoValue statistics, on December 4, all Bitcoin spot ETFs experienced a collective cooldown—there was a total outflow of $195 million, with all twelve products in the red and not a single one recording a net inflow.

The leader was still BlackRock's IBIT, which saw a single-day outflow of $113 million, accounting for the majority of the total outflow. That said, they have a solid foundation, with a historical cumulative inflow still sitting at $62.55 billion.

This wave of collective retreat may be related to recent market sentiment fluctuations. After all, with BTC prices oscillating at high levels, it’s normal for institutional funds to take a wait-and-see approach. Although the short-term data doesn’t look great, from a historical accumulation perspective, mainstream ETFs still have strong capital-attracting power.