I originally thought Friday's BTC spot ETF wouldn't perform too well, especially since the announcement about Trump's tariffs being illegal came out close to market close. So, ETF users were probably still watching from the sidelines. But according to the data, BlackRock and Fidelity investors still had a net inflow of over 1,000 Bitcoin on Friday. Not a huge amount, but it was the only net inflow from U.S. institutions during the week. Also, I've been saying that ETF sell-offs have been decreasing, and that's indeed the case. Over the past four weeks, BTC spot ETF sell-offs went from 17,643 BTC to 6,398 BTC, then to 5,441 BTC, and finally to 4,651 BTC in the most recent week. This shows that at the very least, BTC ETF holders are gradually losing interest in selling, with their willingness to sell dropping further and further. And this is happening even as prices continue to decline. Traditional investors may still lack interest in buying, but their interest in selling is even lower. @bitget VIP, lower fees, crazier perks