The U.S. spot Bitcoin ETF reported a net outflow of $96 million on Tuesday, while the cumulative inflow peaked the previous day.

The U.S. spot Bitcoin Exchange-Traded Fund (ETF) experienced a net outflow of $96.14 million on Tuesday, ending a four-day inflow streak after setting a cumulative inflow record the day before.

Data from SoSoValue shows that Fidelity's FBTC had a net outflow of $91.39 million on Tuesday, while Hashdex's DEFI saw a net outflow of $4.75 million. These were the only two Bitcoin spot ETFs to see outflows on the day, while other ETFs had zero outflows.

Before the outflows on Tuesday, the cumulative net inflow of 12 spot Bitcoin ETFs reached a new high of $41.18 billion on Monday.

The cryptocurrency market continued its upward trend as the market assessed the progress of trade negotiations between China and the U.S. and the Consumer Price Index (CPI) data for April.

The duration of the cryptocurrency rally may largely depend on the developments in the China-U.S. trade dispute and the broader economic impact of tariffs.

The CPI data for April released last night was weaker than expected, laying some groundwork for the Federal Reserve to lower interest rates.