Last Friday, the data for the BTC spot ETF was still not great, but the main reason was that BlackRock's investors made the largest sell-off. Other investors' sell-offs were very limited, which shows that although investor sentiment isn't very good right now and there is still some bearish news in the market, investors still have high expectations for Bitcoin's future. In the past 106 weeks, U.S. ETF institutions had a net outflow of 15,276 Bitcoin, which is a stark contrast to the net inflow of 15,229 Bitcoin in week 105. The reason for this is Trump's tariffs. @bitget VIP, lower fees, bigger perks.