According to Wu, Bloomberg's senior ETF analyst @EricBalchunas stated that the Bitcoin Spot ETF still recorded inflows yesterday, and during this round of approximately 20% price retracement, less than $1 billion has flowed out, which means that 99.5% of the Holdings have not been redeemed, indicating a strong holding intent among ETF investors and questioning whether the current selling pressure mainly comes from the market rather than ETF holders.

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If delivery is unavailable, th