I noticed something interesting yesterday about Bitcoin ETF movements. On April 1st, we saw net outflows of $173.73 million, breaking two consecutive positive days. However, the total assets under management remained stable around $87.71 billion. Not bad for a down day.

What struck me was that Grayscale did its usual thing by going against the trend. Their Bitcoin Mini Trust recorded $10.25 million in inflows, or 150 BTC. It was the only Bitcoin fund to show positive flows that day. Meanwhile, BlackRock's iShares Bitcoin Trust lost $86.52 million, and Fidelity's Wise Origin Bitcoin lost $78.64 million. The two largest funds were draining while Grayscale was attracting capital.

On the Ethereum side, it was mixed with $7.10 million in outflows. But again, Grayscale stood out with its Ethereum Trust, which received $17.42 million—the largest single inflow in the category that day. BlackRock's iShares Ethereum Trust, on the other hand, recorded the biggest outflows with $32.26 million.

This pattern is interesting to observe. While major players like BlackRock and Fidelity see outflows, Grayscale continues to attract flows. It suggests that some investors are adjusting their portfolios or changing strategies on these products. The partial week up to April 1st still showed $13.35 million in net inflows, so overall the trend remains slightly positive despite the red day.