The US spot Bitcoin exchange-traded funds (ETFs) observed a notable net outflow amounting to $200 million on Tuesday, continuing the trend that recently ended a record sequence of consecutive net inflows from Monday.

Leading the outflows was Grayscale's GBTC, with $121 million leaving the fund on Tuesday. Ark Invest's ARKB followed with a net outflow of $56 million, and Bitwise's BITB registered a decline of $12 million. Both Fidelity and VanEck experienced minimal single-digit net outflows, based on data from SoSoValue.

In contrast, certain funds, including BlackRock's IBIT, reported no flows on Tuesday, reflecting a broader cautious approach among investors.

After culminating a 19-day streak of net inflows, amassing $64.93 million on Monday, the 11 US spot Bitcoin ETFs witnessed a shift towards net outflows. Despite recent outflows, these funds have attracted a total of $15.42 billion in net inflows since their introduction in January.

Market participants are currently vigilantly awaiting the release of crucial economic indicators later in the week. The Federal Open Market Committee (FOMC) meeting results and the latest Consumer Price Index (CPI) data are set to be disclosed today.

The CPI, a significant inflation measure, is anticipated to show a 0.1% rise from April, indicating a broader disinflationary trend, according to a CNBC publication.

The Federal Reserve's interest rate-setting meeting is foreseen to be uneventful, with CME Group's forecast suggesting a 99.4% likelihood of the Fed retaining its existing interest rate range of 5.25% to 5.50%.

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