Flows into Bitcoin ETFs decline
With 200 million dollars
The end of the series of Bitcoin ETF inflows:
Farside Investors data showed that Grayscale's Bitcoin Trust (GBTC) topped the list of Bitcoin exchange-traded funds that saw the largest outflows, with net outflows reaching $121 million.
Other funds such as Bitwise's BITB also recorded outflows of $11.7 million, while Fidelity and VanEck funds saw smaller inflows, amounting to $7.4 million and $3.8 million, respectively.
It is worth noting that some funds, such as BlackRock's IBIT, saw no activity on Tuesday.
These outflows come at a sensitive time, as investors are eagerly awaiting the results of important economic indicators from the United States.
Consumer Price Index (CPI) data is expected today, which will likely influence the Fed's decisions on the interest rate path.
According to a CNBC report, the Consumer Price Index is expected to register a slight increase of 0.1% compared to April, reflecting the general trend of slowing inflation.
Regarding interest rate decisions by the Federal Reserve, expectations indicate a 99.4% probability of maintaining the current interest rate at 5.50%.