Crypto investment products recorded $1.9 billion in weekly inflows, reaching a level last seen in October 2025, while Robinhood was assessed as the leader in spot retail trading with a 40% share. Mizuho Securities analyst Dan Dolev said on the 25th that the Bitcoin-led crypto market rebound may be higher quality than previous advances. He pointed to coin-denominated open interest (the value of outstanding derivatives positions), which fell to a one-month low after the rebound began and has not recovered. The market move has therefore been analyzed as ETF-led and supported by relatively low leverage.