The Bitcoin ETF market has experienced significant outflows, with Grayscale's Bitcoin ETF (GBTC) leading the trend. Over the past week, GBTC saw outflows totaling $358 million, contributing to a broader trend of $836 million in outflows from Bitcoin ETFs as the BTC price slipped. Despite this, BlackRock's Bitcoin ETF managed to attract $233.4 million in inflows. Analysts predict that the outflows from Grayscale's ETF, which have reached a total of $1.83 billion, may soon diminish, despite the ETF's volumes falling by 4,266 BTC during the week. This comes as the Bitcoin ETF sector reached a milestone, with BlackRock and Fidelity's spot Bitcoin ETFs recording inflows for 49 consecutive days, a feat only achieved by 30 other ETFs, and achieving $50 billion AUM in just 57 days. The significant outflows from GBTC are largely attributed to bankruptcies within the digital asset industry, with nearly $1 billion of net outflows reported this week for the spot Bitcoin ETFs. However, there's optimism that the trend may stabilize, as the magnitude of the outflows seemed to slow down by the end of the week. GBTC has 355,760 BTC remaining, with a total of $13 billion in outflows from GBTC and an equal amount of $13 billion in inflows to BlackRock's ETF. GBTC's Bitcoin holdings have decreased by 266,827 BTC.