PANews reported on March 1 that according to data disclosed by Trader T, the net outflow of US Bitcoin ETFs in February was about 40,000 BTC, worth about US$3.546 billion. The market situation in February was as follows:

1. The price of Bitcoin fell from $102,400 to $843 million, a drop of about 18%;

2. Almost all Bitcoin ETFs have experienced outflows;

3. BlackRock IBIT reduced its holdings by about 9,740 BTC and currently holds 573,136 BTC, with an outflow of about US$721 million, setting a record for the largest monthly outflow;

4. Fidelity FBTC outflows of $1.202 billion;

5. Grayscale saw outflows of $585 million (GBTC outflows were approximately $404 million, and Bitcoin Mini Trust Fund outflows were approximately $181 million).