According to Eric Balchunas, US ETF flows have reached $400 billion so far in 2024, averaging a remarkable $4.4 billion per day. Nearly half of these inflows are directed at US equities, with $VOO alone pulling in $60 billion and projected to hit $164 billion by year-end, 60% ahead of last year's record (source: Eric Balchunas on Twitter, May 15, 2025). This substantial capital allocation to traditional equities signals strong investor confidence in traditional markets, potentially diverting liquidity from cryptocurrencies and impacting short-term crypto market sentiment.

According to Eric Balchunas, US-focused ETFs have experienced strong inflows since Liberation Day, while Europe and China-focused ETFs have seen notable outflows. Broad international ETFs are performing well, but the technology sector is leading all others in capital attraction. These ETF flow trends highlight US market dominance and tech sector strength, which historically correlates with increased risk appetite and potential bullish sentiment in the cryptocurrency market, especially for assets linked to US tech and broader digital innovation (source: Eric Balchunas on Twitter, May 6, 2025).