It's indeed a bit difficult. Tuesday was the largest net outflow of Bitcoin spot ETFs in history. Although there was some relief in terms of fund volume on Wednesday, according to data from various official websites, the difference from Tuesday is not significant, and it is still a day with a large outflow. Especially among BlackRock's investors, there was a net outflow of over 5000 BTC on Wednesday, accounting for 0.86% of BlackRock's total stock. This is also the largest single day reduction in BlackRock's history, and not only BlackRock, but also Fidelity, which was the largest reduction on Tuesday, reduced its holdings by over 1700 BTC yesterday. On Wednesday, 12 spot ETF institutions in the United States reduced their holdings of 10281 BTC, which is more than 1000 fewer than Tuesday's historical high. Moreover, 11 institutions showed signs of reducing their holdings, indicating that panic among ETF investors is gradually increasing. The source is Trump's tariff policy. Investors through the tariff policy are very worried about the monetary policy of the Federal Reserve, and the fear of the United States turning into economic recession under high interest rates is also gradually rising. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex