I looked through the latest data on BlackRock's
$BTC Spot ETF ($IBIT) compiled by Bloomberg and found something interesting—the world's largest Bitcoin ETF has seen outflows for six consecutive weeks.
The numbers do look pretty alarming, setting a record for the largest net outflow in history. Quite a few people in the market are starting to be bearish on BTC, thinking institutions are pulling out.
But if you do the math, you'll see: over these six weeks, the total outflow is only about 30,000 BTC.
And what's BlackRock's current total BTC holding? 776,000 BTC.
The outflow accounts for less tha