btc etf net flow today: negative $90.7m. that's two straight days of outflows now.
the five day total sits at negative $141.0m, so the bleeding isn't a one day fluke. total aum still holds at $78.3b, and cumulative net inflow since launch remains $53.4b. the daily value traded was $2.4b, which is decent turnover but clearly tilted toward sellers.
for this trend to flip, we'd need a single session with north of $141m in net inflows. that would wipe the five day red streak in one shot. not impossible. just hasn't happened yet.
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Originally published on FalsifyLab Substack.