Wall Street’s Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In

Galaxy Research reports that nine hedge funds and banks reduced their spot Bitcoin ETF exposure by 68,000 BTC as the cash-and-carry trade became less profitable. Wealth platforms and sovereign funds increased their positions over the same period, offsetting some of the selling. Traders should watch whether this rotation from fast money to longer-term holders stabilizes ETF flows or signals weaker near-term demand.