After six straight weeks of inflows, Bitcoin ETFs from #BlackRock , Fidelity, and others saw their second-largest weekly outflow of $651.8M, while BTCโs price remained stable. ๐
For context:
๐น In January, ETF inflows hit $2B, pushing $BTC to a new ATH of $109K ๐
๐น The largest outflow ever was in Sept 2024โover $700M, causing BTC to drop 10% ๐
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? ๐ค๐ฅ