It is a bit different from what I imagined. If the net outflow of the spot ETF on Tuesday was due to having to follow Trump's hellish model, then on Wednesday, the war had already stopped, and the spot price of $BTC was also rising. Logically, partners in the traditional field should have been chasing the rise, so why, except for a small purchase by BlackRock, were investors from Fidelity and ARK experiencing a net outflow?

I wonder if it is because Bitcoin's price is a bit high, and traditional investors believe there is an upside risk, or if short-term investors are throwing out portions of their profits. Although the reason cannot be determined, it is evident that traditional investors remain very cautious regarding investments in cryptocurrencies.

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