ARK Bitcoin ETF Surpasses Grayscale In Daily Outflows.

Tuesday saw the second consecutive day of outflows for ARKB, with $87.5 million in exodus, surpassing GBTC's $81.9 million.

In an unprecedented shift in the Bitcoin ETF market, Cathie Wood's ARK 21Shares Bitcoin ETF (ARKB) experienced a record outflow of $87.5 million on April 2, surpassing Grayscale's Bitcoin Trust (GBTC) for the first time.

Cathie Wood's ARK 21shares Bitcoin ETF experienced a daily outflow of $87.5 million on April 2, marking a historic event as it exceeded Grayscale's Bitcoin Trust's outflow for the first time since the introduction of spot bitcoin ETFs in the U.S.

According to the latest daily update, Grayscale's GBTC is no longer in the lead by daily outflows despite bleeding $82 million.

Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. Comparatively, GBTC recorded the lowest outflows since March 12 at $82 million.