Bitcoin ETFs Face $200M Net Outflows Amidst Economic Uncertainty

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) experienced a second consecutive day of outflows, recording a total of $200 million on Tuesday. This outflow is the highest since May 1st, driven primarily by Grayscale's GBTC, which accounted for $120 million of the total. The outflows are attributed to traders reducing their risk ahead of economic report：U.S. CPI and the Fed's interest rate decision. These reports have the potential to impact the cryptocurrency market, leading to a cautious approach among traders. Despite the short-term headwinds, long-term market sentiment remains bullish.