$63 million outflow during $648 million ETF selloff day.
FBTC recorded a $63 million outflow in the same session that saw $648 million total spot Bitcoin ETF redemptions.
In Monday’s session, FBTC was down $63 million while the total spot ETF complex saw $648 million in outflows. That timing supports the view that marginal sellers were institutional rather than retail, based on how large outflows concentrated across tickers.