The cryptocurrency market has witnessed a significant development, with Bitcoin spot exchange-traded funds (ETFs) experiencing their first net outflows in nearly a month. This sudden change in investor sentiment comes after a remarkable streak of 19 consecutive days of net inflows, totaling $1.83 billion. The outflows have coincided with a decline in Bitcoin's price, which dropped from $70,000 to below $68,000 in just 12 hours, resulting in $170 million in liquidations.

The Grayscale Bitcoin Trust (GBTC) saw the largest net outflow of $39.5 million, followed by the Invesco Galaxy Bitcoin ETF (BTCO) with $20.5 million in net outflows. However, Bitwise and BlackRock's ETFs saw modest inflows of $7.6 million and $6.3 million, respectively. The total net outflow of Bitcoin spot ETFs on June 10 was $64.9 million, marking a significant shift in investor sentiment.

The integration of Bitcoin into traditional finance is expanding globally, with the launch of Australia's first BTC spot ETF and the approval of Thailand's inaugural