Bitcoin prices have led to opinions that BTC price activity may cool down as spot ETF outflows continue. 📉 On April 30, US spot Bitcoin (BTC) ETF data showed single-day net outflows of GBTC were more than $93 million. Grayscale's Bitcoin ETF outflows have slowed recently, but historical GBTC outflows have remained above $17.3 billion since its conversion in January. Additionally, six funds recorded zero net inflows, but experts emphasize that this trend is common on Wall Street. In total, the total net asset value of assets under management in spot Bitcoin ETFs fell below $50 billion. According to CoinMarketCap, BTC is trading below $57,000, down more than 6% in 24 hours. However, there is consensus on the positive impact of US spot ETFs and halving in the long term.