Institutions are voting with their feet—and they’re moving faster and faster. U.S. spot Bitcoin ETFs have seen cumulative net outflows of $969 million over the past five trading days, and about $1.6 billion since November. 2026’s total has turned negative, at roughly -$914 million—the first year of net outflows since spot ETFs launched. BlackRock’s IBIT saw another $78 million flow out on Tuesday, marking its eighth consecutive day of outflows, with the streak totaling about $1.73 billion. Last week’s $1.28 billion outflow was the biggest weekly total since late June. BTC is now hovering around $74,500, holding above its 200-day moving average of $73,200. The irony is that the same money hasn’t left the market; it has simply changed lanes: U.S. equity ETFs have drawn about $12 billion a day over the same period, and all 17 ETFs with the largest net inflows were stock funds. Ahead of the Fed’s December 9 rate decision, ETF flows are the most honest barometer of sentiment. #BitcoinETF #BTC