The Grayscale Bitcoin Trust faced a significant change in investor contributions recently, with inflows totaling $66.9 million over two days. Despite a steady outflow streak of $17.5 billion since its launch on January 11, the GBTC saw a sudden increase in investments on May 3 and 6, bringing in $63 million and $3.9 million each day.

Unfortunately, the positive flow of investments was short-lived, as outflows of $28.6 million and $43.4 million were recorded on May 7 and 9, effectively canceling out the recent gains. This pattern made Grayscale the only Bitcoin ETF issuer experiencing outflows during this period.

While the GBTC struggles with outflows, other Bitcoin ETFs approved by the U.S. Securities and Exchange Commission maintained positive or neutral investment balances. For instance, BlackRock’s iShares Bitcoin Trust (IBIT) garnered the most significant investments, totaling close to $15.5 billion.

At the Paris Blockchain Week in April, VanEck CEO Jan VanEck explained that retail investors contribute 90% of the inflows to Bitcoin ETFs. He also mentioned expectations for substantial institutional investments from banks and traditional companies by May.

It is crucial to mention that, among all Bitcoin ETF issuers, only GBTC has faced negative inflow balances. Meanwhile, other notable issuers like Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and Cathie Wood’s ARK 21Shares Bitcoin ETF continue to attract substantial inflows.