$BTC ETF DEMAND JUST FLIPPED — 2026 FLOWS TURN NEGATIVE
This is a quiet but critical shift. For the first time since spot ETFs launched, Bitcoin ETF demand is reversing compared to prior years — and the numbers don’t lie.
Year-to-date flows tell the story:
• 2024: +17,155 BTC
• 2025: +39,769 BTC
• 2026: –4,595 BTC
That’s not just a slowdown — it’s a net outflow.
After two years of relentless institutional accumulation, ETF buyers are stepping back, reallocating, or waiting for clarity. Whether it’s profit-taking, macro uncertainty, or rotation into other assets, the bid that once absorbed every dip is no longer guaranteed.
This doesn’t mean Bitcoin is “dead.” It means market structure is changing — and price discovery just got more dangerous.
When ETF demand pauses, volatility usually doesn’t.
Is this a temporary reset… or the start of a bigger regime shift?
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