The Bitcoin ETF market has seen significant activity, with a notable divergence in inflows and outflows among various funds. On April 9, the total net outflow from Bitcoin spot ETFs was $19.48 million, driven primarily by a substantial outflow from the Grayscale Bitcoin Trust (GBTC), which saw $154 million leave its fund in a single day. Conversely, BlackRock's Bitcoin ETF (IBIT) experienced a significant inflow of $128 million on the same day. This pattern of outflows from GBTC and inflows into other Bitcoin ETFs, such as IBIT, highlights the shifting landscape of investor preferences within the cryptocurrency ETF space. The overall trend for Bitcoin ETFs has been mixed, with periods of net inflows followed by days of net outflows, reflecting the volatile nature of the cryptocurrency market. Despite the recent outflows, the Grayscale CEO, Michael Sonnenshein, suggested that outflows from the Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling.