US-based spot Bitcoin ETFs have experienced significant withdrawals in the past week, with over $500 million being pulled out, impacting BTC's price movements. Since the US SEC's approval of nearly a dozen spot Bitcoin ETFs in mid-January, these financial vehicles have been pivotal in investor adoption. However, recent economic uncertainties, including the Fed's refusal to lower interest rates, have led to outflows in eight out of the past nine trading days. Fidelity's FBTC saw the most outflows, surpassing even Grayscale's GBTC. As a result, BTC's price has been underperforming, with a 3% drop in the past week. Despite these challenges, the potential of DeFi and BRC 20 tokens remains promising, indicating a positive outlook for the blockchain industry.