Investors are pulling out of Bitcoin investment funds in the United States, with a total of $139.88 million exiting the funds on June 20. This marks the fifth consecutive day of outflows, with Grayscale's GBTC fund and Fidelity's FBTC fund seeing the largest daily net outflows of $53 million and $51 million, respectively.

The outflows are a significant reversal from the inflows seen in recent months, with the total net inflow since January standing at $14.67 billion as of June 20. The largest spot Bitcoin ETF fund by net asset value, BlackRock's IBIT, was the only fund to see a net inflow on June 20, with $1 million entering the fund.

The ETF sector is experiencing significant activity, with Australia's ASX listing its first spot Bitcoin ETF fund on June 20. The VanEck Bitcoin ETF operates as a feeder fund investing in the VanEck Bitcoin Trust (HODL) listed in the US, providing an opportunity for investors to invest in Bitcoin. This listing reflects the growing demand for cryptocurrency investments in the country.

In the US, ETF issuers are working to launch the country's first spot Ethereum fund group. According to sources, issuers received comments from the Securities and Exchange Commission last week regarding S-1 forms for Ethereum ETF funds and are working to resubmit revised forms by June 21.

In conclusion, Bitcoin investment funds are experiencing a significant outflow of funds, with investors pulling out $139.88 million on June 20. Despite this, the ETF sector remains active, with new listings and launches in the US and Australia. As the cryptocurrency market continues to evolve, investors are seeking new opportunities to invest in digital assets.