U.S. Bitcoin spot ETFs experienced net outflows of $200 million on Tuesday — continuing outflows from Monday, ending their record streak of net inflows.
Grayscale's GBTC saw the largest net outflows, totaling $121 million on Tuesday, followed by Ark Invest's ARKB with $56 million in net outflows, according to SoSoValue data. Bitwise's BITB reported $12 million in outflows, while Fidelity and VanEck experienced single-digit net outflows.
Source: SosoValue
Outflows dominated US spot Bitcoin ETFs as other funds, including BlackRock's IBIT, recorded no outflows on Tuesday.
The 11 spot Bitcoin ETFs ended a 19-day streak of net inflows on Monday, with outflows totaling $64.93 million. As of Tuesday, the funds had accumulated total net inflows of $15.42 billion since inception in January.
Markets now await key economic indicators from the United States later on Wednesday — Federal Open Market Committee meeting results and Consumer Price Index (CPI) data.
The latest CPI, a key inflation indicator, is forecast to have increased 0.1% from April, pointing to a broader deflationary trend.
The Federal Reserve's rate-setting meeting is expected to bring no surprises, with CME Group forecasting a 99.4% probability that the Fed will maintain current interest rates at 5.25% to 5, 50%, instead of making interest rate cuts. However, a Reuters poll of economists showed the Fed is likely to cut interest rates twice this year, starting in September.
Bitcoin trades at $67,500, down from last week's peak of nearly $72,000, according to coin price list Bitcoin Magazine.
Source: https://tapchibitcoin.io/etf-bitcoin-delivery-ngay-atai-hoa-ky-chung-kien-dong-chay-rong-200-million-truoc-cuoc-hop-fomc-cua-fed. html
