
On February 24, a miracle happened. Bitcoin spot ETFs saw a net inflow of $258 million, according to SoSoValue (whoever they are). In a day. That’s right, $258 million in just 24 hours. It’s like the institutional market suddenly remembered that it was supposed to be doing things. Fidelity’s FBTC led the charge, contributing a whopping $82 million to the party, with Grayscale ETH barely trailing behind with $11 million. Ethereum ETFs threw in a modest $9 million, like that one friend who always brings chips to the party but pretends it’s enough. And just like that, institutional participation was back – like an old friend who shows up just when you’re about to give up on them.