Although BTC's spot price wasn't great on Friday, the buying power of spot ETFs was still decent—within the standard range at least. Compared to the declining spot price, ETFs still had buyers, mainly BlackRock. Honestly, aside from BlackRock, there's not much else worth referencing. BlackRock investors purchased over 2,100 Bitcoins, and across all U.S. spot ETF institutions, there was no significant net outflow, except for Invesco selling less than 100 BTC. Looking at ETFs as a reference, there doesn’t seem to be any clear factors pointing to a drop on Monday. After all, prices were relatively stable over the weekend. U.S. stocks performed well after opening today, and while macro sentiment might still have some influence during the day, it probably won’t be the case tonight. Although the main reason hasn’t been identified yet, I still believe it’s not caused by the current major market dynamics. From the weekly data, Week 88 saw a net inflow of less than 8,000 BTC into U.S. spot ETFs, which is less than half of Week 87’s figure. Investor sentiment remains extremely low. Sponsored by Bitget ｜ @Bitget_zh