ChainCatcher news, according to CoinShares data, influenced by the lower management fees of the U.S. Bitcoin spot ETF, investors have withdrawn a total of $738 million from Bitcoin instruments on trading platforms in Germany, Canada, and Sweden this year.CoinShares Research Director James Butterfill stated that part of the outflow may be a "repatriation" of funds from U.S. investors, but it could also be due to long-term investors taking profits during the Bitcoin rise. Unlike the U.S., all these markets have launched ETPs over the years, so there may be factors of profit-taking at the current high levels. However, the outflow of funds has slowed down recently.