Bitcoin spot ETFs have turned positive for the year following a $4.6 billion surge in inflows over the past month. The massive capital influx has fully offset earlier outflows, restoring net positive flows on a year-to-date basis. The rally in institutional demand coincides with Bessent's announcement of increased bond buying, signaling sustained monetary expansion. Market participants interpret this policy shift as a continuation of accommodative conditions, driving renewed allocation to Bitcoin investment products.