According to The Kobeissi Letter, since 2007, US equity, corporate bond, and Treasury funds have attracted $3.5 trillion in net inflows, with US equity funds accounting for $1.2 trillion or 34% of the total. Notably, the pace of inflows accelerated post-2020 pandemic (source: The Kobeissi Letter, May 9, 2025). For crypto traders, this trend highlights persistent risk-on sentiment in traditional markets, which can reduce short-term inflows into digital assets like Bitcoin and Ethereum. However, any shift in risk appetite or outflows from US equities could catalyze increased capital allocation into the cryptocurrency sector, making fund flow monitoring crucial for crypto market timing.