On 21 Feb 2024, the cryptocurrency market witnessed its first net outflow day since 25th Jan, with Bitcoin ETFs experiencing significant movements. Grayscale's Bitcoin Trust (GBTC) reported almost $200 million in outflows, contributing to a net outflow of $88 million for the day, marking the first negative flow in a month. Bitcoin ETPs globally faced their worst net flow since January 25, with a total global net outflow of -2,046 BTC, broken down into -1,727 BTC for U.S. Spot, -190 BTC for U.S. Futures, -22 BTC for Europe, -163 BTC for Canada, +56 BTC for Brazil, and 0 BTC for both Australia and Hong Kong. Despite these outflows, Galaxy Digital's Asset Management unit reported a record $8 billion in AUM, up more than 4x from the previous year. Inflows into the 10 bitcoin ETFs dropped to a two-week low on February 22, attracting only about a net 500 $BTC, the least since February 6. However, ETF flows recovered on February 23, with $251 million net inflows, led by Fidelity with $159 million, surpassing Blackrock's $125 million. GBTC outflows decreased to $55 million, the second lowest day of outflows since its launch. Galaxy Digital reported more than $4 billion of inflows to their asset management business in the last month, signaling a growing interest in digital assets among institutions.