Bitcoin spot ETF made a major comeback yesterday, with a single-day net inflow of $753.8 million — the highest in the past three months. At the same time, Ethereum spot ETF also did not lag behind, with a net inflow of about $130 million, marking positive inflows for two consecutive trading days. Once Ethereum firmly surpasses $3300, the market generally expects it to have room to move towards $4000.

The driving force behind this is very clear: large institutional investors, after completing their annual rebalancing at the end of 2025 and early 2026, are reigniting their enthusiasm for crypto asset allocation. This rebalancing behavior not only reflects the increasing recognition of mainstream assets like Bitcoin and Ethereum by traditional finance but also indicates that a new wave of capital may be brewing.