In February, the net outflow of US Bitcoin ETF was about 40,000 BTC, and BlackRock set a record for the largest monthly outflow

Odaily reports that according to data disclosed by Trader T, in February, the US Bitcoin ETF saw a net outflow of around 40,000 BTC, worth approximately $3.546 billion. The market conditions in February were as follows: 1) The price of Bit dropped from $102,400 to $84.3 million, a decline of around 18%; 2) Almost all Bit ETFs experienced outflows; 3) BlackRock's IBIT reduced its holdings by around 9,740 BTC, and currently holds 573,136 BTC, with an outflow of around $721 million, setting a new record for the largest single-month outflow; 4) Fidelity's FBTC saw an outflow of $1.202 billion; 5) Grayscale saw an outflow of $585 million (GBTC outflow of around $404 million, and the Bit Mini Trust Fund outflow of around $181 million).