Friday's BTC spot ETF data continues to remain lukewarm. Although the net outflow isn't significant, nearly 2,000 Bitcoins were still withdrawn by BlackRock investors. Recently, I've been looking at a lot of ETF data. Even though IBIT has seen significant inflows this year, it's still showing negative returns so far. I did some calculations: the highest BTC holdings by U.S. spot ETF institutions this year reached 1.362 million BTC. By Friday, it was down to 1.306 million BTC, a total decrease of 56,000 BTC over a little more than two months. Most of this reduction came from BlackRock investors, likely reallocating to U.S. stocks. On the other hand, other institutions have reduced their holdings very little. Over the past 101st week, U.S. investors had a net outflow of over 5,700 BTC, while in the 100th week, this figure was still a net inflow of 3,100 BTC. It feels like traditional investors' sentiment is gradually worsening in small increments. However, the impact on spot prices has been minimal. @bitget VIP, lower fees, crazier perks!