The U.S. Spot Bitcoin ETF, a popular investment vehicle for Bitcoin enthusiasts, has experienced a significant setback after a 19-day streak of inflows. On June 10, the ETF saw a massive outflow of $65 million, raising concerns among investors who had been optimistic about the cryptocurrency's potential. This development comes at a time of heightened market volatility and uncertainty ahead of the Federal Reserve's impending interest rate decision.

The outflow from the U.S. Spot Bitcoin ETF was led by GrayScale's GBTC, which saw a withdrawal of $39.5 million, followed by Invesco Galaxy's BTCO, which experienced an outflow of $20.5 million. Valkyrie Bitcoin ETF (BRRR) also noted a significant outflow of $15.8 million. This sudden change in investor sentiment has raised questions about the underlying factors driving this shift.

The recent outflow from the Bitcoin ETF is closely tied to broader macroeconomic trends and investor sentiment surrounding Bitcoin. The Labor Department's strong job data has raised expectations of a more hawkish stance from the Federal Reserve, leading to speculation that the central bank might delay or adjust its rate-cut plans. This has created a cautious environment for Bitcoin investors, leading to a shift in sentiment towards the ETF.

As the market awaits clarity from the Fed, the focus will be on how these decisions impact investor behavior towards Bitcoin ETF. The recent outflow might be a temporary reaction to heightened uncertainty, or it could signal a more sustained shift in sentiment. Observers will be keenly watching for signs of stabilization or further volatility in the Bitcoin ETF's performance as the Federal Reserve provides more direction.

In conclusion, the Bitcoin ETF faces a significant setback as investors withdraw $65 million ahead of the Federal Reserve's interest rate decision. The recent outflow raises concerns about the underlying factors driving this shift and highlights the complex landscape of macroeconomic indicators and regulatory expectations that influence investor sentiment towards Bitcoin. As the market awaits clarity from the Fed, the focus will be on how these decisions impact investor behavior towards Bitcoin ETF and the broader cryptocurrency market.