Bitcoin spot ETFs are seeing significant capital outflows, totaling $1.62 billion in four days, signaling a shift in institutional investor sentiment. BlackRock leads this trend, with hedge funds also reducing positions as Bitcoin prices linger around $84,060. The allure of Bitcoin diminishes due to shrinking profit margins in basis trading, prompting institutions to explore attractive altcoins like XRP and Solana. This capital reallocation indicates a strategic repositioning rather than a complete exit from the crypto market.