Bitcoin has fallen to its lowest level in over a month as inflows from spot bitcoin exchange-traded funds (ETFs) begin to waver. The world's largest digital asset by market capitalisation (BTC-USD) decreased by over 3% in the past 24 hours, falling below $62,000 (£49,709). The downturn saw the digital asset hit a monthly low of $60,181 on Wednesday evening UK time, a price not seen since the middle of March. Read more: Crypto live prices The downturn comes after a slowing of inflows into spot bitcoin ETFs from fund managers such as Franklin Templeton (BEN), and ahead of Saturday's bitcoin halving event. Spot bitcoin ETF trading volumes have declined from their early March peak. Since the beginning of this week, many ETF issuers have even recorded zero flows. Read more: What is a spot bitcoin ETF and why it has sparked a crypto rally? Tuesday saw another day of spot ETF net outflows, totaling $58m. This was accelerated by $79.4m and $12.9m outflows from the Grayscale Bitcoin Trust (GBTC) and ARK 21Shares Bitcoin ETF (ARKB), respectively. However, IBIT, BlackRock's (BLK) iShares Bitcoin Trust ETF, has continued to post daily positive flows, with $25.8 million in inflows recorded on Tuesday. Bitcoin...