#数字资产市场洞察 $BTC $ETH The truth behind the data: Why does BlackRock's ETF attract the most capital when it’s losing?

Recently, Bloomberg released an interesting set of data. In the ranking of the top 25 most capital-attracting ETFs in the US this year, BlackRock’s Bitcoin spot ETF stood out as an anomaly — it has been losing nearly 10% continuously, yet it still ranks in the top six for net capital inflows. In comparison, gold ETFs that have gained over 60% have less capital inflow.

What does this indicate? The $25 billion level of funds are not chasing short-term gains. Institutions have a clear stance on bear markets: they don’t understand short-term volatility but bet on long-term trends. Losing money and still increasing positions is actually a very hardcore logic — sticking to value beliefs and using time to gain space.

What lessons can retail investors learn? Don’t be scared by candlestick charts. When large funds are building positions in batches, it’s often the best entry point. History shows that institutional positioning cycles are usually measured in years.

How to do it specifically? It’s all about strategy. Hold your spot in spot trading, avoid leverage. Use idle funds for dollar-cost averaging, keep the pace steady, and don’t chase highs or sell lows. Accumulating chips in a bear market is a necessary lesson before making big money. When the bull market truly arrives, you’ll be glad you didn’t run at the bottom.