Bitcoin ETFs Experience Significant Outflows in February

According to PANews, data from Trader T reveals that U.S. Bitcoin ETFs experienced a net outflow of approximately 40,000 BTC in February, valued at around $3.546 billion. The market conditions for the month were as follows: Bitcoin's price dropped from $102,400 to $84,300, marking a decline of about 18%. Nearly all Bitcoin ETFs saw outflows during this period. BlackRock's IBIT reduced its holdings by approximately 9,740 BTC, now holding 573,136 BTC. This outflow, valued at around $721 million, set a record for the largest monthly outflow. Fidelity's FBTC experienced outflows amounting to $1.202 billion. Grayscale saw outflows totaling $585 million, with $404 million from GBTC and $181 million from its Bitcoin Mini Trust Fund.