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Jacob King: Wall Street sees renewed Bitcoin ETF outflows as demand drops
Jacob King, CEO at WhaleWire, reports that Wall Street's retreat from Bitcoin is continuing as demand for spot Bitcoin ETFs weakens.
According to King, spot Bitcoin ETFs recorded $70.5 million in net outflows, marking a fourth consecutive day of withdrawals. BlackRock led the sell-off, with investors pulling $61.5 million from its funds.
King recently warned that Michael Saylor's reported bearish turn and potential Bitcoin sales could signal caution for investors. In another report, he questioned claims that Strategy may sell Bitcoin only to repurchase even more later in larger volumes. These observations come as attention remains on large holders' actions.
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