According to CoinMeta, DWF Labs indicates that last week, BTC and ETH ETF had a total net inflow of approximately $1.2 billion, exceeding $1 billion for the third consecutive week, which is the first time since July 2025. Among them, BTC ETF had a net inflow of about $987 million, with a single-day inflow of $731 million on September 3rd, which is the third highest of this year. BTC ETF's asset management scale rose to $103.3 billion, accounting for about 6.32% of BTC's supply. At the same time, the number of open contracts denominated in the coin itself for BTC decreased from 762,200 in mid-August to 669,600, although during the same period, BTC rose from about $63,000 to $80,000. This suggests that recent market movements are more driven by spot funds rather than leverage.