Spot Bitcoin ETFs recorded a total net outflow of $174 million on April 1.

Bitcoin ETFs See $174M in Outflows, IBIT Leads the Exit

Bitcoin spot ETFs recorded a net outflow day on Tuesday. According to SoSoValue, total net outflows hit roughly $174 million on April 1st (Eastern Time).

Grayscale's Bitcoin Mini Trust (BTC) saw the most inflows, pulling in $10.25 million. That pushed its lifetime net inflows to $2.19 billion.

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On the other side, BlackRock's IBIT led the outflows, shedding $86.52 million. Its lifetime net inflows now stand at $63.12 billion.

As of press time, total net assets held by bitcoin spot ETFs sit at $87.71 billion. That's about 6.43% of bitcoin's total market cap. Cumulative net inflows have now reached $55.95 billion.

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