Today in crypto, spot Bitcoin exchange-traded funds (ETFs) experienced outflows on Monday after a 12-day streak of inflows totaling $6.6 billion. This shift occurred as Bitcoin struggled to reclaim the $120,000 mark. The largest outflow was recorded from ARK Invest’s ARKB with a loss of $77.46 million, followed by Grayscale’s GBTC with $36.75 million. Cumulative net inflows remain robust at $54.62 billion despite this profit-taking. Additionally, Tornado Cash co-founder Roman Storm is considering a motion for mistrial regarding questionable testimony from a government witness. He faces serious charges related to money laundering and could be sentenced to 45 years in prison. Finally, digital asset custodian BitGo filed for an IPO in the U.S., indicating the ongoing integration of the crypto sector into traditional finance, with over $100 billion in assets under custody. The IPO seeks to expand BitGo’s services across the EU after recently securing regulatory approval.

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