Bitcoin ETFs have experienced $4 billion in outflows since February 20, surpassing the $116 million inflows during the same period, marking the worst performance since their early 2024 launch.
On March 10 alone, Bitcoin ETFs saw $189 million in outflows, with Fidelity (FBTC) leading at $134 million, contributing to the selling pressure in the cryptocurrency market.
The current price of Bitcoin is $79,139, which is a 28% decrease from its all-time high of $109,553, reflecting the recent downturn in the cryptocurrency sector.
Since February 20, Bitcoin ETFs have observed outflows nearly 35 times greater than the inflows, making this period the worst-performing stretch in their history.