Bitcoin exchange-traded funds have seen net outflows of more than $1.5 billion in the past four days, even as institutional interest in the cryptocurrency remains strong.

According to data from CoinMarketCap, this shift in money flows comes as Bitcoin is currently trading at around $96,000, down 11% from its all-time high of $108,268 reached earlier this month.

For investors, these outflows signal caution as Bitcoin posts its first weekly decline since Trump’s election victory, while recent Federal Reserve news on inflation and interest rates has shifted market expectations.

Despite the overall market decline, institutional adoption continues to increase. According to a filing with the Securities and Exchange Commission, MicroStrategy announced the acquisition of 5,262 bitcoins, purchased in December at an average price of $106,662. The company currently holds 444,262 Bitcoins, purchased at a total price of around $27.7 billion.

BlackRocks iShares Bitcoin Trust (IBIT) According to data from U.K.-based asset manager Farside Investors, the company recorded its largest single-day outflow of $188.7 million on Tuesday, bringing the total four-day withdrawal to $229.7 million

The Fidelity Wise Origin Bitcoin Fund (FBTC) led the four-day outflows with withdrawals of $509.6 million, while the ARK 21Shares Bitcoin ETF (ARKB) According to Farside, the company lost $286.1 million in the period.

Grayscale’s Bitcoin Trust ETF (GBTC) And Bitcoin Mini Trust (BTC)Farside reports that it saw a total of $372.1 million in outflows over the four days.

The Bitwise Bitcoin ETF (BITB) And VanEck Bitcoin ETF (HODL) According to Farside data, there were outflows of $58.8 million and $13.5 million, respectively, in the four-day period.

The Franklin Bitcoin ETF (EZBC) According to Farside, it was the only fund to see positive inflows, adding $5.6 million during the period.

According to Farside data, IBIT is leading the way with $37.1 billion in inflows, while FBTC has attracted $11.7 billion. GBTC has seen $21.3 billion in outflows since converting from a trust structure.

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