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Bitcoin spot ETFs have recently experienced a significant adjustment. Data shows that the total net outflow of Bitcoin spot ETFs in a single day reached $486 million. Among them, Fidelity(Fidelity)'s FBTC performed the best, with a single-day net outflow of $248 million, leading similar products. However, from a historical cumulative perspective, FBTC still maintains strong capital attraction, with a total net inflow of $11.835 billion, demonstrating the continued interest of institutional investors in Bitcoin spot ETFs as an investment tool.