According to Farside Investors, the Bitwise Bitcoin ETF registered a net daily outflow of US$21.1 million, indicating increased redemptions and potential short-term bearish sentiment among institutional investors (source: FarsideUK, April 28, 2025). Notably, 10% of profits from this ETF are allocated to Bitcoin developers, which could influence long-term ecosystem growth. Traders should monitor outflow trends as persistent redemptions may impact Bitcoin price action and market liquidity.