Since the gold ETF was approved in 2004, the cumulative inflow of funds has reached US$17.1 billion in 9 years. The continuous injection of capital has brought a 20-year bull market to the gold market.

In contrast, the Bitcoin ETF has received more than US$60 billion in inflows in just 5 months after its launch. Even considering inflation, this figure is still far higher than the inflow of gold ETFs.

The scale and speed of this capital inflow indicate that the financial support for this round of Bitcoin bull market is very strong, which may indicate that the upward momentum of the Bitcoin market will be more intense and lasting than any previous bull market.

Investors' pursuit of Bitcoin and the market's recognition of its potential can be seen from the scale of capital inflows.