For the second day in a row, the ARK 21Shares spot Bitcoin (CRYPTO:BTC) ETF experienced outflows, marking a notable trend in the investment landscape for such assets.

Cathie Wood's ARK 21Shares Bitcoin ETF saw $87 million in outflows, a significant event since it's the first occurrence of daily withdrawals surpassing those of Grayscale's Bitcoin Trust (GBTC) following the introduction of spot Bitcoin ETFs in the U.S.

On April 2nd, the outflow totaled $87.5 million or about 1,300 BTC, as per preliminary statistics provided by Farside Investors. The ARK 21Shares, also known as ARKB, faced a minor loss of $300,000 in assets on April 1, marking the fund's initial experience with outflows.

This back-to-back decrease in assets highlights the fluctuating investor interest and the competitive environment among Bitcoin investment vehicles, underscoring the unpredictable nature of cryptocurrency markets and the investment products associated with them.