Inflows into ETF: BlackRock’s Bitcoin ETF had no inflows since November 25. This is surprising as BlackRock typically attracts significant cash flows to its ETFs.

Cryptocurrency market: Despite an upward trend in cryptocurrency, investors remain cautious about Bitcoin due to considerable market volatility.

Trading volume: While BlackRock struggles, other funds like Bitwise and Grayscale have recorded inflows over the past two consecutive days.