Seventeen of the top 25 largest Bitcoin ETF holders added to their positions while ordinary investors were selling. That split tells a story that goes beyond a single month of on-chain data. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% Smart Money Moves Against The Crowd Bitcoin exchange-traded funds pulled in $1. 5 billion over five trading sessions, capping the stretch with a single-day inflow of $458 million — one of the strongest readings this quarter