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🥊 Institutional War? Fidelity Spends 480 Million, BlackRock Struggles Alone!
This week's ETF battlefield shows an extreme "split" situation:
🔴 Dumping Hand: Fidelity (FBTC) Fidelity's users completely lost patience this week, dumping a total of $481.2 million worth of holdings. Such a level of outflow usually indicates that their client base is extremely pessimistic about the short-term market.
🟢 Gatekeeper: BlackRock (IBIT) BlackRock is still buying, but can't keep up. This week, only $25.9 million flowed in, maintaining a "buy only" stance, but it seems insignificant against the surging selling pressure.
Conclusion: A net outflow of $680 million explains the market's weakness this week, as institutional funds are undergoing a major turnover.