US Spot Bitcoin ETFs End Four-Day Positive Streak! How Much Funds Were Outflowed? Here Are the Details

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of $96.14 million on Tuesday, snapping a four-day streak of gains just one day after hitting an all-time high in total net flows. US Spot Bitcoin ETFs Record $96 Million Net Outflow According to SoSoValue data, most of the outflows on Tuesday came from Fidelity’s FBTC, which recorded net outflows of $91.39 million. Hashdex’s DEFI came in second with outflows of $4.75 million. All other spot Bitcoin ETFs reported zero net inflows for the day. The decline comes after a record net inflow of $41.18 billion across 12 U.S. spot Bitcoin ETFs reported on Monday. Despite the ETF outflows, the overall crypto market has continued to rally. At the time of publication, Bitcoin (BTC) is up 1.4% in the past 24 hours to $103,775, while Ethereum (ETH) is up 8.9% to $2,667. The ongoing rally is supported by progress in US-China trade talks and improved investor sentiment following a positive US inflation report. The Consumer Price Index (CPI) for April increased by 0.2% monthly, easing the annual rate to 2.3%, the lowest level since February 2021. Presto Research analysts warned that while the current momentum is positive, the duration of the crypto rally may depend on the course of macroeconomic conditions, particularly tariff developments between the US and China. “Last night’s release of the lower-than-expected April CPI data provided some relief to markets. However, the broader implications of the US-China trade talks could be more decisive in determining the medium-term direction of cryptocurrencies,” Peter Chung and Ming Jung wrote in a client note. With macro conditions easing and inflation slowing, investors will be watching closely to see if ETF flows continue their upward trend or signal increased caution in overheated markets. *This is not investment advice. Source: https://en.bitcoinsistemi.com/us-spot-bitcoin-etfs-end-four-day-positive-streak-how-much-funds-were-outflowed-here-are-the-details/