GBTC outflows have outpaced other spot Bitcoin ETF inflows for three days in a row.
The U.S. spot Bitcoin exchange-traded fund recorded net outflows for three days in a row. Yesterday, there was just over $58 million of product remaining, reducing the cumulative total net inflows to approximately $12.43 billion.
Grayscale’s Bitcoin trust conversion GBTC accounted for the majority of net outflows as usual. Approximately $79.4 million was withdrawn from ETFs yesterday, according to the data. From SoSoValue. 21 weeks of the ark bitcoin 
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While most other spot Bitcoin ETFs saw moderate inflows between $1.37 million and $3.56 million, iShares Bitcoin Trust dominated inflows, attracting $25.78 million.
Overall, spot Bitcoin ETF trading volume remained stable throughout April after a steady decline from its peak in early March. Cumulative trading volume on Monday topped $215 billion, according to data from The Block.
Additionally, flow was constricted in either direction. Spot Bitcoin ETF inflows and outflows have steadily tightened since March.
According to The Block’s Bitcoin price page, the price of Bitcoin is trading above $64,300, up more than 2.6%. The block reward halving of the most important cryptocurrency is expected to occur on Friday.
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