GBTC outflows hit a record low, suggesting that Grayscale may stop selling Bitcoin. Since switching to a spot ETF in January, outflows have continued to decline, leaving only $17 million. The net outflow on April 10 was $17.5 million, far lower than the $154.9 million the day before. Grayscale CEO said that outflows have become balanced, mainly due to selling activities related to bankrupt crypto companies and switching trading strategies. Grayscale is preparing to launch a low-fee "mini" Bitcoin ETF, but other ETFs such as BlackRock's IBTC are rapidly attracting funds, having attracted more than $18 billion. BlackRock is narrowing the gap in assets under management with GBTC, indicating that IBTC may soon surpass it to become the largest Bitcoin ETF.