BTC ETF Flows — Last 2 Sessions ETF demand is still weak. Over the last 2 ETF sessions, Bitcoin Spot ETFs remain net negative. Session 1: Jun 04 Total net flow: +49.91 BTC BlackRock IBIT: +743.94 BTC But this inflow was mostly offset by selling from other issuers: FBTC: -85.78 BTC ARKB: -322.84 BTC BITB: -243.30 BTC BTCO: -196.51 BTC Result: BlackRock supported the session, but broad ETF demand was not strong. Session 2: Jun 05 Total net flow: -5.10K BTC Main sellers: GBTC: -952.18 BTC IBIT: -3.35K BTC FBTC: -934.95 BTC Small buyers: HODL: +65.78 BTC MSBT: +67.34 BTC Result: BlackRock moved from support to heavy selling. Combined 2-session structure: Total ETF flow: approximately -5.05K BTC BlackRock IBIT: +743.94 BTC on Jun 04 -3.35K BTC on Jun 05 Net IBIT over 2 sessions: approximately -2.61K BTC This is the important part. One positive ETF session was not enough to change the structure. The next session immediately erased it. ETF demand is not confirming a recovery yet. What we need to see: consistent inflows BlackRock returning as a buyer selling pressure from FBTC / GBTC slowing down price reclaiming key resistance zones Until then, ETF flows remain defensive. This is not bullish confirmation yet. Not financial advice.