Recent data reveals a concerning trend in the Bitcoin spot ETF market. According to PANews, on February 24, 2025, these ETFs faced a total net outflow of $539 million, raising concerns about investor sentiment. This was further amplified by Grayscale Bitcoin Trust (GBTC) experiencing a single-day net outflow of $59.5016 million and reaching a historical total net outflow of $22.166 billion. The Grayscale Bitcoin Mini Trust ETF BTC also saw a single-day net outflow of $6.2464 million, but it’s important to note that despite this, the Grayscale Bitcoin Mini Trust BTC boasts a significant historical net inflow of $1.192 billion. This combined data paints a picture of potential market volatility, with the total net asset value of these ETFs currently standing at $109.189 billion and an ETF net asset ratio of 5.86% compared to Bitcoin’s overall market cap. The historical cumulative net inflow has reached $39.017 billion, demonstrating a consistent trend in investor activity.