According to CoinDesk, on February 7, the CoinDesk 20 index exceeded 1,700 points, and the strong price trend of smart contracts expanded in the market. This resulted in Bitcoin (BTC) and Ethereum (ETH) trend indicators once again showing a “significant uptrend” after brief periods of “neutral” and “upward” values. Last week, net inflows into cryptocurrency-related products were $700 million, mainly concentrated in Bitcoin-related products. Notably, we're seeing a rotation between older Grayscale products and the newer, cheaper iShares and Fidelity exchange-traded funds (ETFs) that came online a few weeks ago. The new Bitcoin ETF product holdings now exceed MicroStrategy inventory and account for approximately 1% of Bitcoin.