Last night, the ETF fund inflow and outflow situation did not improve. All ETFs still had a net outflow of 18.6 million US dollars last night. In fact, everyone still had expectations last night, because Grayscale GBTC only outflowed 155 million US dollars, and BlackRock also announced data in advance, with an inflow of 128.7 million US dollars. The funding gap was not very large. Fidelity only needed to complete an inflow of 21 million US dollars to reverse the net outflow situation. Unfortunately, Fidelity failed again at the critical moment, with only 3 million US dollars inflow in a single day, and everyone's expectations fell short. Everyone also knows the market's next trend. The big cake fell from last night's high of 7w1 all the way to 6w8. Today's daytime rebound was also very weak. After the hourly level rebounded to above 6w9, there were at least 5 breakouts. This strength is completely unlike the performance after a 3,000-point plunge. However, this also confirms my previous judgment that the ETF fund inflow and outflow situation guides the market trend in the Asian session.

In addition, financial media in Hong Kong reported that the Hong Kong Bitcoin spot ETF will be listed before the end of April at the earliest. The first batch of ETF applicants include Harvest Global ETF, China Asset Management, Bosera Asset Management and Value Partners. Judging from hashkey's claim to overtake CB in five years, the Hong Kong government's support for encryption is still quite strong, so this news is likely to be true.