I just looked at the Bitcoin ETF flow data for early April, and it’s really interesting to see. The majority of the Bitcoin spot ETF funds actually exited around $174 million on April 1st, but there was a different trend with Grayscale. Meanwhile, BlackRock IBIT lost $86 million and Fidelity FBTC exited $78 million, but Grayscale Bitcoin Mini Trust actually gained $10.25 million with 150 BTC. This is the only product that recorded a positive flow that day.



Looking deeper, these Grayscale ETF products show an interesting pattern. The Grayscale Bitcoin Trust itself still saw an outflow of $13 million, but its smaller Mini Trust actually attracted funds. On the Ethereum side, the Grayscale Ethereum Trust (ETHE) recorded an inflow of $17 million from 8,150 ETH, making it the largest inflow in the Ethereum ETF category that day.

The partial week up to April 1st was still positive with a net inflow of $13 million, even though that day saw a decline. From a weekly perspective, this is a recovery from heavy selling on March 26-27. Grayscale products remain a wildcard worth watching amid this volatility in flows.
BTC-0.09%
ETH-0.54%
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