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 The recent drop in Bitcoin's value has led to approximately $2.2 billion worth of exchange-traded fund (ETF) flows being pushed underwater. However, the swift recovery of Bitcoin suggests that this situation may be temporary, indicating ongoing demand amidst an ETF frenzy. Notably, investors injected over $1 billion into ETF shares in a single day, underscoring the sustained interest in Bitcoin despite the market fluctuations. 

 Overall, the recent fluctuations in Bitcoin's price and the substantial ETF flows indicate the evolving dynamics of the cryptocurrency market, with ETF approvals and investor demand playing a significant role in shaping Bitcoin's performance and market sentiment. 

 The recent drop in Bitcoin's value has led to a temporary setback for approximately $2.2 billion worth of exchange-traded fund (ETF) flows. However, the cryptocurrency's swift recovery suggests sustained demand amidst an ETF frenzy, with investors injecting over $1 billion into ETF shares in a single day. This surge in ETF investments occurred as Bitcoin experienced a 6% slump, dipping below $69,000 and causing recent spot ETF purchases to fall underwater