After six straight weeks of inflows, Bitcoin ETFs from #BlackRock , Fidelity, and others saw their second-largest weekly outflow of $651.8M, while BTC’s price remained stable. 👀
For context:
🔹 In January, ETF inflows hit $2B, pushing $BTC to a new ATH of $109K 📈
🔹 The largest outflow ever was in Sept 2024—over $700M, causing BTC to drop 10% 📉
Despite the pullback, spot ETFs continue to give traditional investors access to BTC, fueling demand in 2024. Is this just a cool-off before the next leg up? 🤔🔥
