Recent data shows U.S. spot Bitcoin ETFs experienced a notable net outflow of $255 million, continuing a four-day trend of redemptions. This dip has prompted concerns among investors about short-term sentiment surrounding Bitcoin-based financial products. BlackRock’s IBIT emerged as the biggest loser, recording a hefty $146 million withdrawal, highlighting shifting investor preferences even within established and trusted ETFs. While the price of Bitcoin remains relatively stable, these outflows suggest cautiousness from institutional investors. Potential drivers for this sell-off could include short-term profit-taking or broader macroeconomic concerns, such as interest rate expectations and regulatory uncertainty.