A major asset manager's spot bitcoin ETF just experienced unprecedented capital flight. The fund watched $2.7 billion walk out the door in what marks its largest outflow streak on record.

This massive exodus from the BTC product raises questions about institutional sentiment shifts. Whether driven by profit-taking after recent rallies or broader risk-off positioning, the scale of withdrawals signals something noteworthy brewing in crypto markets.

The timing coincides with bitcoin's recent volatility, suggesting big players might be reassessing their exposure. Such dramatic movements from heavyweight institutional products often ripple through the entire digital asset ecosystem.