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Bitcoin spot ETFs have now seen three consecutive days of net outflows. The latest data shows $115.6M leaving the funds, following $398.6M and $643.2M in the two prior reported sessions — over $1.15B in total. BlackRock’s IBIT was the largest source of the latest redemptions, although smaller inflows into Fidelity’s FBTC and Bitwise’s BITB provided some offset. ETF flows are not a guarantee of where Bitcoin goes next, but they show institutional demand has been a short-term headwind while BTC remains below $79,500. The positive sign: the latest outflow was substantially smaller than the previous two.

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