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$BTC UPDATE
Price is back above $60K
Markets caught a bid after Fed Governor Kevin Warsh said inflation risks have eased
But the ETF flows tell a different story…
$BTC spot ETFs saw a net outflow of $296M on July 1
Even more notable:
BlackRock investors sold approximately $219.4M worth of $BTC exposure
Price is climbing, yet institutional money is flowing out
GM.