Matrixport analyzed Bitcoin ETF inflows, stating that while the inflows are not linearly increasing, the overall scale remains considerable. Data shows that Bitcoin ETFs saw net inflows of approximately $34 billion in 2024, with an additional $22 billion in 2025, providing continued support for Bitcoin prices. Matrixport points out that while the pace of ETF inflows slowed at the beginning of 2025 due to Trump's tariff policies, the inflow rate remained faster for most of the year until the FOMC meeting in late October compared to 2024. Inflows accelerated significantly in the middle of the year, before stagnating in the fourth quarter. Matrixport believes this shift is more of a cyclical adjustment than a structural weakening, potentially laying the foundation for a new, and potentially larger, round of Bitcoin ETF inflows in 2026.