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Bitcoin drops below ,000 after US CPI data
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Bitcoin drops below $58,000 after US CPI data

US-listed spot bitcoin ETFs recorded a net outflow of $81 million on Wednesdayending a positive two-day streak. Grayscale’s GBTC recorded $56 million in outflows, the most of any peer, with Fidelity’s FBTC recording $18 million in outflows. Ark Invest’s ARKB and Bitwise’s BITB lost $6.7 million and $5.7 million, respectively. Franklin Templeton’s EZBC and BlackRock’s IBIT were the only products to see net inflows, adding $6 million cumulatively. Ether ETFs fared better, with $10 million in net inflows, extending a three-day streak. BlackRock’s ETHA recorded $16 million in inflows, while Grayscale’s ETHE lost $16 million. Grayscale’s mini Ether trust ETH, Fidelity’s FETH and Bitwise’s ETHW saw cumulative inflows of $11 million.