The final week of February is here, and the crypto market is still under pressure. It continues to struggle, and this is clearly reflected in the latest ETF data.
Bitcoin ETFs saw $315.9 million in outflows this week, with $303.5 million coming from BlackRock’s IBIT. Meanwhile, Grayscale’s BTC Mini ETF attracted $36 million, offering lower-cost Bitcoin exposure for cautious investors.
Bitcoin ETF analysis
As per Farside Investors data, mid-February was a tough period for Bitcoin [BTC] ETFs, as big investors pulled money out for three days in a row.
The selling started on the 17th of February, when the market saw $104.9 million leave.
Source: Farside Investors
Most of this came from BlackRock’s IBIT, which alone lost…
