BlackRock's IBIT experienced nearly $1 billion in net outflows in a single week—are institutions also pulling out?

According to SoSoValue data, last week Bitcoin spot ETF experienced a net outflow of $1.42 billion, the third-highest in history. The largest single-week net outflow was from BlackRock's IBIT, totaling $966 million; GBTC had a net outflow of $175 million. At the time of publication, the total net asset value of ETFs was $94.17 billion, with a net asset ratio of 6.38%, and a total net inflow of $55.66 billion in history.