Grayscale’s converted GBTC spot bitcoin exchange-traded fund saw record daily outflows of $642.5 million on Monday — breaking the prior $640.5 million peak set on Jan. 22.

Inflows of $451.5 million from BlackRock’s dominant IBIT ETF were not enough to help overcome GBTC’s outflows, leading to a total net outflow of $154.4 million yesterday for the first time since March 1, according to data from BitMEX Research.

Bitwise’s BITB was second with $17.6 million worth of inflows. However, Fidelity’s FBTC ETF slumped to its lowest inflows since trading began on Jan. 11 — generating just $5.9 million.

Nevertheless, “IBIT and FBTC now both in Top 5 ETFs by YTD flows,” Bloomberg ETF analyst Eric Balchunas wrote on X. “Little babies hanging with giants.” 

Total net inflows since the …