Spot Bitcoin ETFs, or exchange-traded funds, saw net inflows of $203 million on Friday, April 6, continuing the trend for the fourth consecutive day.

Grayscale’s ETF GBTC saw its net assets drop by $198 million on the day, bringing its total net withdrawals to $15.51 billion, according to SoSoValue.

Meanwhile, BlackRock’s iShares Bitcoin Trust (ticker: IBIT) led the market with daily inflows of $308 million, bringing its total inflows to $14.77 billion.

The Bitcoin ETF saw a net outflow of $85.8 million on Monday, April 1, the only net outflow in the past ten days of trading. As a result, the BTC price drop to $65,000 triggered a broader liquidation across the market.

However, four consecutive days of inflows helped Bitcoin recover above $67,000.

Institutional investment has played a major role in BTC’s market movements since the U.S. Securities and Exchange Commission (SEC) approved a Bitcoin ETF in January.

Despite the recent price pullback, close observers (namely Anthony Scaramucci of SkyBridge) predict that the premier cryptocurrency will see a bigger rally after the halving later this month. See below.

Bitcoin Cash (BCH), a fork of Bitcoin, rallied more than 10% immediately after last week’s halving.

The market expects the BTC market to be similarly affected as recent reports show that the coin has grown by an average of 3,230% after the past three halvings.