BITCOIN ETF FLOWS SHOW NEGATIVE TREND FOR FIRST TIME SINCE LAUNCH

Summary from the TLDR Crypto newsletter

Bitcoin ETFs have experienced a combined negative outflow for the first time since launching on January 11. This was driven primarily by large outflows from Grayscale's GBTC, which outpaced new investment in funds like BlackRock's IBIT and Fidelity's FBTC. Despite noticeable drops in inflows, both BlackRock and Fidelity still hold more than 40,000 bitcoins each and are nearing $2 billion in AUM.