Phyrex|Nov 06, 2025 18:33
Although BTC's price saw a bit of a rebound on Wednesday, the outflow from spot ETFs hasn’t improved much. BlackRock investors are still the main force behind the sell-off, while Fidelity and ARK investors, who tend to chase highs and lows, made some small purchases. The main game right now is still the U.S. government shutdown—let’s hope for bipartisan agreement soon and that government operations can resume next week.
That said, BlackRock investors have been the main sellers for quite a while now. Not sure if they’ve shifted to U.S. stocks instead, since historically, BlackRock investors have been pretty solid long-term holders.
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