This is the craziest week of BTC and ETH ETF buying since the big crash on 10/11 in 2025. BTC ETFs saw a net purchase of 26,700 BTC in seven days, which is 8.5 times the amount mined that week—roughly $2.1 billion. ETH ETFs bought 284,000 ETH, worth about $710 million. In total, that’s around $2.8 billion. Most of the money flowed in through BlackRock’s IBIT and ETHA. In this cycle, institutions are a key variable. The bull market isn’t as intense as before (only about a 2x increase after the halving), and the bear market, so far, hasn’t been as brutal as previous cycles (the deepest drop was about 50%, not the usual halving and halving again). The money coming in this week is real, cold hard cash. That’s important.