Bitcoin (BTC) price rebounds as halving approaches.

US-based spot Bitcoin (BTC) Exchange Traded Fund (ETF) registered A total of $4.3 million in outflows occurred on Thursday, with withdrawals extended by four days ahead of the expected mining rewards halving.. Since April 12, ETFs have experienced cumulative net outflows of more than $319 million, with Grayscale’s GBTC accounting for a significant portion of the withdrawals, according to preliminary data released by Farside Investors. On Thursday, GBTC suffered $90 million in outflow losses, partially offset by inflows into Fidelity’s FBTC and BlackRock’s IBIT. The Grayscale ETF has experienced outflows since day one for a variety of reasons, including the fund’s relatively high fees. So while GBTC outflows may not be a cause for concern, the recent slowdown in inflows to other ETFs may be a cause for concern.