Crypto asset manager Grayscale has broken its four-month outflow streak with inflows into the Grayscale Bitcoin Trust (GBTC) returning for the second day in a row.

On average, roughly $218 million were pulled out from Grayscale’s spot Bitcoin ( BTC ) exchange-traded fund (ETF) daily for 78 days straight since Jan. 11. In the process, GBTC contributed to over $17.5 billion in outflows.

This downward trajectory reversed on May 3, when GBTC recorded its first inflow of $63 million . As a result, the overall spot BTC ETF market recorded net positive inflows of $378.3 million following seven days of bleeding.

Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows image 0 Spot Bitcoin ETF Flow Table (in U.S. dollars). Source: farside.com

GBTC recorded its second inflow of $3.9 million on May 6, once the market reopened the next week — bringing its total inflows to $66.9 million.

Despite GBTC’s net outflow of $17.4 billion, the overall spot Bitcoin ETF in the United States maintains a positive balance sheet. BlackRock’s iShares Bitcoin Trust (IBIT) attracted the maximum investments, bringing its net inflows to $15.5 billion.

Other major net inflow contributors include Fidelity Investments’ Fidelity Wise Origin Bitcoin Fund (FBTC) at $8.1 billion, Cathie Wood’s ARK 21Shares Bitcoin ETF at $2.1 billion and the Bitwise Bitcoin ETF Trust (BITB) at $1.7 billion.

The cumulative flow of investments into the spot Bitcoin ETF market is nearly $11.8 billion at the time of writing.

Related: Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity

The U.S Securities and Exchange Commission (SEC) recently delayed its decision to approve or deny spot Ether ( ETH ) ETF applications from several service providers.

Applications from BlackRock, Grayscale and Invesco Galaxy were recently pushed to July.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC wrote in a related filing.

The SEC delayed decisions on applications from all prospective Ether ETF issuers, including Fidelity, Franklin Templeton , Hashdex and Ark 21Shares , in line with analyst expectations.

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