On Thursday, BTC's price fluctuated again, and spot ETFs showed signs of net outflows once more. As expected, Wednesday's massive net inflow was just a flash in the pan. Although BlackRock investors made some purchases yesterday, the three-digit volume was really not impressive. Meanwhile, Fidelity investors, who bought heavily yesterday, ended up selling off in large amounts. The rest of the data can basically be ignored. So, traditional investors are still the same as before—most of them just can't get interested in Bitcoin. Judging from the capital flow, the outflowing funds likely went to the U.S. stock market. BTC spot ETFs started strong at the beginning of the year, but it seems like they're giving it all back by the end of the year. Bitget VIP—lower fees, crazier perks.