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#BTCETFFlipsNeg Bitcoin ETF flows just turned negative, but the size and composition matter more than the headline US spot BTC ETFs attracted roughly $987M during the week ending September 4—their third consecutive positive week. BlackRock’s IBIT accounted for about 70% of that demand. Then September 8 brought a net outflow of around $46.6M, led by GBTC and FBTC, while IBIT and BITB remained positive To me, that looks more like mixed positioning than a broad institutional exit. #DailyOrbit