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Gm gm fams
Interesting shift in ETF flows yesterday
Out of all the US spot Bitcoin and Ethereum ETF issuers, BlackRock was the only one that saw net outflows
Around $18.6M left its crypto funds, almost evenly split between IBIT and ETHA
Not a massive number in isolation, but notable considering it stood alone on outflow side
At the same time, Bitcoin ETFs overall finally saw a small bounce with about $15.2M in net inflows, breaking the recent selling streak
On paper, that sounds like momentum might be stabilizing
But zoom out a bit
This week alone, roughly $360M has flowed out of Bitcoin ETFs
That makes four consecutive weeks of net withdrawals something we haven’t seen since late last year
So while yesterday was technically green, broader trend still feels soft
It doesn’t look like panic looks more like hesitation
Big money isn’t aggressively exiting, but it’s also not stepping in with conviction
Until we see sustained inflows not just one positive day it’s hard to call this a real turnaround
For now, flow data says one thing clearly the bounce is cautious, and confidence is still rebuilding
streak is broken but the bleeding continues