Australia's first spot Bitcoin ETF has received approval from the Securities Exchange, marking a significant development in the growing acceptance of cryptocurrency in the financial sector. This approval comes amid a turbulent period for Bitcoin ETFs, with U.S. ETFs experiencing substantial outflows. Specifically, $581 million left Bitcoin ETFs this week, and 8,595 Bitcoins were sold by U.S. ETFs. Additionally, Bitcoin ETFs sold $189,900,000 worth of Bitcoin yesterday. Despite these outflows, Bitcoin's rally is gaining momentum, with Glassnode's charts showing a steady upward trend since the last halving. Additionally, VanEck's Bitcoin ETF will list on Australia's main stock market for the first time.