Institutional Bitcoin Products Post $165.8M Net Outflow on Feb. 20, 2026, Led by BlackRock and Grayscale

On Feb. 20, 2026, institutional Bitcoin products recorded a combined net outflow of $165.8 million, with BlackRock's IBIT posting $164.1 million and Grayscale's GBTC registering $1.7 million. The outflows indicate selling surpassed new inflows, easing the prior supply crunch and adding liquidity to the market.