btc etf net flow +$221.7m today, snapping a multi-day bleed. one day of green doesn't erase the five-day total though. that's still $-971.1m walking out the door. cumulative net inflow since launch sits at $51.1b on $74.4b total aum. daily value traded $2.1b.
for the trend to actually flip, we'd need to see this pace hold for a full week. one session of dip-buying after a billion in outflows is just a bounce until proven otherwise. the falsifiable line: if five-day net flow turns positive by next wednesday, the sellers lost momentum. if not, this was just noise.
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Originally published on FalsifyLab Substack.