Bitcoin exchange-traded funds (ETFs) saw another day of funds moving out. The day before, these ETFs lost $224.8 million in value. Grayscale's GBTC was the main reason for this ongoing decline. On Tuesday, it recorded a significant outflow of $154.9 million, although this was less severe than the $303 million loss on Monday.

Despite BlackRock's impressive inflow of $128.7 million, it was not sufficient to counterbalance Grayscale's outflows. However, BlackRock's inflows were still lower than the average 28-day inflow of $277 million. Bitwise and Fidelity only managed to attract minor inflows, with $3.8 million and $3 million, respectively.

Currently, Bitcoin (BTC) is trading just below the $70,000 mark on major exchanges. Peter Schiff, a well-known critic of cryptocurrencies, recently predicted that Bitcoin ETF issuers could face legal challenges due to potential buyer losses. In a separate development, the Securities and Futures Commission of Hong Kong is set to reveal the list of spot Bitcoin ETFs on April 16.