Bitcoin institutional investors are currently reassessing their strategies as BTC price struggles to break through resistance levels. On October 22, net inflows to US spot Bitcoin ETFs reported a decline, marking the first negative net flow in two weeks, with outflows totaling $79.1 million. This drop was largely due to the ARK 21Shares Bitcoin ETF, which alone faced outflows of $134 million. Despite this, the BlackRock iShares Bitcoin ETF recorded $43 million in inflows, although these figures remain below expectations. Many commentators note that the BTC price movement has stalled around $67,000, leading to decreased institutional demand. Since the introduction of spot ETFs, institutional ownership of Bitcoin has risen, with over 1,170 institutions now invested. The significance of ETFs has been highlighted as they provide liquidity and accessibility for a wide range of market participants, demonstrating robust demand with over $5 billion in net inflows in Q3 alone.

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