Bitcoin ETFs saw $1.44 billion withdrawn in five days.

Net outflows totaled $299.8 million on the latest full U.S. trading day, marking five consecutive trading days of net outflows and a cumulative $1.44 billion. BlackRock led the single-day outflows, while Morgan Stanley recorded a small inflow—a rare countertrend in these figures.

· Five consecutive days of net outflows describe the direction of net redemptions during this period; they don’t mean that all holders are selling.
· The source gives only the total and the relative positions of two institutions; it doesn’t list the daily figures for the other issuers.

Would you first look at which firm accounted for the largest single-day outflow, or at the number of consecutive days of outflows?

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