As investors await the outcome of the Federal Open Market Committee (FOMC) meeting and Consumer Price Index (CPI) data with bated breath, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a net outflow of $200 million on Tuesday, June 11.
It is reported that this capital outflow ended the previous 19-day trend of net inflows. This change in market sentiment is closely related to the upcoming release of key economic indicators.
Overview of Spot Bitcoin ETF Outflows
According to Farside Investors, Grayscale's GBTC bore the brunt of the outflow, with a net outflow of $121 million. Ark Invest's ARKB followed closely behind, with a net outflow of $56.5 million. In addition, Bitwise's BITB, Fidelity and VanEck had net outflows of $11.7 million, $7.4 million and $3.8 million, respectively. Meanwhile, other funds, including BlackRock's IBIT, saw no activity on Tuesday.