The US Treasury yield has reached a 14-month high of 4.79%, impacting the cryptocurrency market by diverting institutional investments away from Bitcoin. In a notable shift, Bitcoin exchange-traded funds (ETFs) experienced substantial outflows, with a total of $718 million exiting in just two days. This trend follows nearly $2 billion in inflows earlier in the month. On January 14, the Bitcoin spot ETF alone saw an outflow of $284.1 million, while the Ethereum ETF recorded an outflow of $39.43 million. The overall net outflow for Bitcoin spot ETFs on January 14 was reported at $210 million, with significant withdrawals from various funds: GBTC with $89.01 million, FBTC with $113.6 million, and ARKB with $92.36 million. As a result, the current total net asset value of Bitcoin spot ETFs stands at approximately $108.981 billion.