According to @FarsideUK, Fidelity’s U.S. spot Bitcoin ETF recorded an estimated net outflow of 300.4 million dollars for the latest trading day. Source: Farside Investors tweet and Farside BTC ETF flows dashboard. Net outflows reflect primary-market redemptions that reduce the fund’s bitcoin holdings and can remove buy-side creation demand. Source: Fidelity FBTC prospectus and SEC Investor Bulletin on Exchange-Traded Funds. Traders monitor daily ETF flow direction as a short-term gauge of U.S. spot demand for BTC and for positioning across spot and futures. Source: CME Group education on bitcoin basis and Farside Investors ETF flow data.