Market Shift: Bitcoin ETP Flows Turn Negative for the First Time Since 2023

Institutional momentum for Bitcoin has hit a significant roadblock. K33 Research reports that Bitcoin ETP holdings have experienced a record drawdown, with rolling one-year flows officially turning negative for the first time since 2023.
This shift highlights a potential cooling period in institutional demand or a strategic reallocation of capital. As Bitcoin ETP flows fluctuate, market participants are closely watching for signs of whether this represents a temporary correction or a broader trend reversal.
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