PANews reported on November 2 that according to Jinshi, JPMorgan analyst Nikolaos Panigirtzoglou pointed out in a report this week that the spot Bitcoin ETF attracted $1.3 billion in new investor funds in the first two days of this week, bringing its total capital inflows in October to $4.4 billion, making it the third largest month of net inflows since the spot Bitcoin ETF was listed in January. In another indicator measuring the "animal spirits" of retail investors, meme stocks and artificial intelligence-related tokens also outperformed the overall cryptocurrency market.

It is reported that the concept of "animal spirits" was proposed by economist Keynes, who emphasized the impact of investor sentiment and psychological factors on the market. He believed that the stock market was driven by investor confidence and expectations. When investor confidence increases, the stock market usually performs well; when investor sentiment is low, the stock market may fall.