Institutional demand for Bitcoin cools and David Sacks joins the President's Council of Advisors on Science and Technology.

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Institutional demand for Bitcoin is showing signs of cooling as investors pulled $171 million

from U.S. bought Bitcoin ETFs Thursday, the largest single-day outflow in over three weeks.

The move follows a strong run earlier this month when these funds attracted more than $2 billion in inflows,

major products including Black Rock's iBit, and funds like FBT and GBTC all posted notable

withdrawals. The shift is raising fresh questions about Bitcoin's ability to hold near $70,000

amid ongoing macro pressure. White House AI and Cryptozar David Sachs is leaving his role and joining the President's

Council of Advisers on Science and Technology as co-chair.

Sachs, who helped lead early crypto policy efforts, including stable coin legislation and

market structure work, set the move reflects the temporary nature of his previous position.

His czar role was limited to 130 working days under federal rules, drawing scrutiny from lawmakers over the timeline.

In his new role, Sacks will help guide policy and research on emerging technologies, including

AI, quantum computing, and nuclear energy. And GameStop is turning its Bitcoin holdings into an income-generating strategy rather than selling them outright.

The company pledged nearly all of its roughly 4,700 Bitcoin to Coinbase as collateral for a covered call options trade.

By writing short-term call options with strike prices between $105,000 and $110,000.

GameStop collects premium income while capping potential upside.

The move means the company no longer directly holds Bitcoin, instead recording it as a receivable while maintaining indirect exposure.

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