📊 ETF flows change. Bitcoin’s supply limit doesn’t. 📊 US spot bitcoin ETFs saw about $1.28 billion in net outflows last week, their worst week since June. That measures money leaving investment funds, not bitcoin disappearing. 👉🏻 An ETF share gives you exposure to bitcoin held by a fund. It isn’t bitcoin in a wallet you control 👉🏻 Selling shares on an exchange doesn’t automatically mean the fund sells coins; net redemptions can reduce its holdings 👉🏻 Those coins change owners. They aren’t deleted 👉🏻 Neither inflows nor outflows change Bitcoin’s 21 million limit ETFs offer one way to access Bitcoin’s price. Holding bitcoin directly offers a different ownership model, with its own responsibilities. Fund flows tell us something about demand. They don’t rewrite the supply rules.