Spot bitcoin exchange-traded funds in the United States have experienced net outflows for the third consecutive day. Just over $58 million left the products yesterday, lowering the cumulative total net inflow to approximately $12.43 billion.

Grayscales converted bitcoin trust, GBTC, was largely responsible for the net outflows — per usual. Nearly $79.4 million left the ETF yesterday, according to data from SoSoValue. The Ark 21Shares Bitcoin ETF also saw net outflows, with some $12.88 million leaving the fund.

Most of the other spot bitcoin ETFs saw modest inflows ranging between $1.37 and $3.56 million, while the iShares Bitcoin Trust dominated inflows with $25.78 million being brought in.

Overall, spot bitcoin ETF volumes have steadied throughout April after a steady decline from …