Recent developments in the cryptocurrency market have highlighted significant movements in Bitcoin ETFs. On May 8, U.S. Bitcoin ETFs experienced net inflows of $11.54 million, primarily driven by Bitwise's BITB ETF, which alone added 185 BTC. However, the following day, the scenario shifted with a net outflow of $11.3 million from U.S. Bitcoin ETFs, largely due to substantial withdrawals from Grayscale's GBTC, which saw an outflow of $43 million and has had 326,000 Bitcoin in outflows since launching. Despite these outflows and a flat revenue performance in Q1, Digital Currency Group, Grayscale's parent company, reported an 11% revenue increase, amounting to $229 million. Additionally, BlackRock reached a new all-time high with 274,500 Bitcoin holdings. Significant institutional interest was noted, with entities like MassMutual and investment banks reporting substantial holdings in Bitcoin ETFs.