Bitcoin ETF “record outflows” are deceptive as crypto products absorbed $46.7 billion in 2025

Bitcoin ETF headlines have turned into a scoreboard with “record inflows,” “largest outflows ever,” and “institutions dumping.” The problem is that most stories isolate a single day or a single fund. Without context on cumulative flows, fund cohorts, and custody plumbing, they say very little about how much spot Bitcoin is actually changing hands, or […]