$BTC - Fifth straight session of net redemptions, with Wednesday alone seeing 299.8M USDT exit US spot funds.
BlackRock's IBIT accounted for nearly the entire outflow, while other issuers saw minimal movement.
Concentration in a single vehicle suggests fund-specific dynamics rather than broad sentiment shift.
Whether this reflects rotation, rebalancing, or profit-taking remains unclear without flow breakdowns.
#ETF #Institutional
BlackRock's IBIT accounted for nearly the entire outflow, while other issuers saw minimal movement.
Concentration in a single vehicle suggests fund-specific dynamics rather than broad sentiment shift.
Whether this reflects rotation, rebalancing, or profit-taking remains unclear without flow breakdowns.
#ETF #Institutional