Under the backdrop of rising prices, spot Bitcoin ETFs have seen continuous net outflows, suggesting that institutional investors are adopting a strategy of taking profits rather than increasing their positions. Fidelity’s FBTC saw $79 million in outflows on a single day, while ARKB and GBTC experienced outflows of $74.7 million and $11 million respectively.

Only BlackRock’s IBIT attracted $40.4 million in inflows; moreover, Morgan Stanley’s newly listed MSBT recorded $30.6 million in net inflows on its first day. This divergent trend indicates significant disagreements within the market regarding short-term pricing, and large-scale funds remain cautious due to geopolitical uncertainties.