11,792 BTC flowed into ETF provider wallets this week, roughly $754M in spot buy pressure.

A real breath of fresh air after weeks of almost exclusively negative flows since May.

The average realized price for BTC ETF entities sits around $72,000. In other words, these entities are sitting on an average -10% unrealized loss.

Since the October AUM top, the cumulative drawdown on these positions is estimated at -$10.5B, with a record of -$11.8B hit in early July.

This week's inflows are a positive signal.

The question now is whether demand holds up.

Written by Darkfost