🚨ALERT: Investors pulled $1.44 BILLION from BlackRock’s Bitcoin ETF IBIT alone over six straight trading days. U.S. spot Bitcoin ETFs saw $1.92B in net outflows from Oct. 30 through Nov. 6. On Friday, IBIT accounted for $403M of the $411.9 million in net outflows. Fidelity’s FBTC was the only fund with inflows, adding $42.8M. The streak points to WEAKER investor confidence. Institutions may be trimming Bitcoin exposure, though ETF flow data can’t tell us who’s selling. If redemptions lead to BTC sales, they can add pressure to the spot market.