GBTC Sees $599M Outflows But Bitcoin ETFs Remain Strong with $92M Net Inflows

• Grayscale's GBTC saw $599M in outflows Thursday, its largest single-day redemption since January 22

• Inflows into other spot bitcoin ETFs like BlackRock's IBIT offset the GBTC sales

• IBIT had another strong day with $604M in inflows, surpassing $10B in assets under management

• Net inflows into bitcoin ETFs totaled $92M Thursday, the lowest weekly total in a week

• Bitcoin gained 44% in February, slightly outperforming the 41% advance of the CoinDesk 20 Index