Bitcoin ETFs See Record Outflows as Markets Tumble

US spot Bitcoin exchange-traded funds (ETFs) experienced the largest single-day outflow in history, amounting to $938 million. This marked their sixth consecutive trading day of negative net inflows, amid a market downturn that has driven Bitcoin prices below $90,000. 11 Bitcoin ETFs collectively witnessed this outflow on February 25th, according to CoinGlass data. The massive outflow follows a sharp decline in the cryptocurrency market, with Bitcoin dropping 3.4% over the past day, reaching a 24-hour low of $86,140.