On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of daily net outflows, marking the fourth consecutive day with a total of $152.42 million withdrawn. This trend underscores a shifting sentiment among investors towards these financial products designed to track bitcoin's price movements.

Among the 11 ETFs monitored, Fidelity's FBTC recorded the largest outflow, totaling $83 million, followed closely by Grayscale's GBTC with $62 million, and Bitwise's BITB seeing approximately $7 million in net outflows. The remaining eight ETFs reported no net flows for the day, highlighting varying investor activities and preferences within the market.

Despite the recent outflows, these ETFs had accumulated significant net inflows amounting to $14.81 billion as of Tuesday. This figure, however, has decreased from a peak of $15.69 billion recorded on June 7, reflecting a period of adjustment and potential profit-taking following a notable 19-day streak of inflows leading up to early June.

Trading volume for the ETFs surged to $1.7 billion on Tuesday, up from $1.24 billion the previous day. This uptick in trading activity suggests ongoing interest and engagement among market participants, despite the net outflows observed during this period.

In parallel, bitcoin's price experienced a modest decline of 0.35% over the past 24 hours, trading around $65,498 at the time of reporting according to The Block's data. Analysts at CryptoQuant have highlighted concerns over bitcoin breaching key support levels, signaling a potential correction ranging between 8% to 12%. This adjustment could potentially lead bitcoin's price towards the $60,000 mark, reflecting broader market uncertainties and technical factors influencing investor sentiment.

The recent dynamics in U.S. spot bitcoin ETFs and bitcoin's price movements underscore a cautious approach among investors, as they navigate evolving market conditions and monitor key technical indicators for potential shifts in market direction. As regulatory landscapes evolve and market sentiment adjusts, these ETFs continue to play a pivotal role in providing exposure to bitcoin within traditional financial markets, albeit amidst fluctuating investor sentiment and market volatility.