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Institutional money took a small step back from $BTC yesterday. US spot $BTC funds shed roughly $61 million on August 12, per fund-tracking data. Fidelity's FBTC accounted for most of it — about $47 million out. BlackRock's IBIT saw a smaller pullback, near $14 million. Worth keeping in perspective: IBIT alone sits on close to $46.5 billion in assets. A day like this barely registers against that scale. One session of light redemptions isn't a trend reversal — it's noise inside a fund category that's still holding tens of billions in cumulative inflows since launch. Watching whether this becomes a pattern #CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI