Bitcoin Sees Unprecedented $3.546 Billion Net Outflow in February as ETFs Struggle

According to recent data from Trader T, February witnessed an unprecedented net outflow from US Bitcoin spot ETFs, totaling approximately $3.546 billion, which translates to around 40,000 BTC. This significant decline marks a historic moment where all ETFs experienced negative cash flows. Notably, BlackRock’s IBIT reduced its Bitcoin holdings by 9,740 BTC, bringing its total to 573,136 BTC and resulting in a net outflow of $721 million—its first monthly outflow since inception. Additionally, Fidelity’s FBTC reported a net outflow of $1.202 billion, while Grayscale noted a total depletion of $585 million across its products, including GBTC and Mini BTC. These events coincided with a steep decline in Bitcoin prices, plummeting 18% from $102,400 to $84,300 over the month, highlighting the ongoing volatility within the cryptocurrency market.