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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs recorded $200 million in outflows on June 11.</li> 
 <li>BTC is trading above $67k ahead of the US CPI report scheduled to be released today.</li> 
</ul> 
<p>According to the latest reports coming from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, the US Bitcoin ETFs recorded $200 million in outflows on June 11.</p> 
<p>This is the second day of outflows for the crypto products. Grayscale’s BTC ETF saw the highest amount of outflows the other day.</p> 
<p>Here are the outflows recorded by Bitcoin ETFs in the US yesterday:</p> 
<ul> 
 <li>Grayscale’s Bitcoin ETF, GBTC, saw $121 million in outflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, saw $7 million in outflows.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $56 million in outflows.</li> 
 <li>Bitwise’s Bitcoin ETF, BITB, saw $12 million in outflows.</li> 
</ul> 
<p>The other Bitcoin ETFs did not record any inflows or outflows on June 11.</p> 
<figure id="attachment_44671" aria-describedby="caption-attachment-44671" style="width: 100%" class="wp-caption alignnone">
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<p>The total net asset value of the Bitcoin ETFs was $59.2 billion, SoSoValue data reveals.</p> 
<h2 id="bitcoin-is-trading-above-67k-ahead-of-today-s-cpi-report">Bitcoin is trading above $67k ahead of today’s CPI report</h2> 
<p>At the moment of writing this article, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> is trading above $67k.</p> 
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<p>Yesterday, the coin dropped below the mark mentioned above before a quick rebound in price.</p> 
<p>The crypto market is experiencing high volatility ahead of the important <a href="https://crypto.ro/en/news/top-4-heavyweight-events-this-week-that-could-impact-bitcoin/">economic data</a> set to be released in the US today.</p> 
<p>The <a href="https://www.investing.com/economic-calendar/cpi-733" target="_blank" rel="nofollow noopener">Consumer Price Index</a> (CPI), a key measure of inflation is set to be released later today, and the Federal Open Market Committee meeting is expected this week on June 13.</p> 
<p>According to Barron’s <a href="https://www.barrons.com/livecoverage/cpi-inflation-may-report-data-today" rel="nofollow noopener" target="_blank">notes</a>, economists surveyed by Factset expect to see inflation growing by 3.45 YoY in May, or at the same rate as in April.</p> 
<p>Economists expect that the monthly pace of inflation slowed down to 0.1% last month, down from a growth rate of 0.3% in April.</p> 
<p>The Core CPI excludes the more volatile energy and food prices and it’s considered a better gauge of inflation’s future path. This metric is expected to slow at a rate of 3.5% from the 3.6% YoY pace logged in April, according to the same notes.</p> 
<p>May CPI inflation expectations vary among financial entities. Most of them expect a 3.4% CPI inflation, in line with April’s numbers.</p> 
<p>Here are the expectations coming from Goldman Sachs, Kalshi, Wells Fargo, Morgan Stanley, Barclays, Bank of America, FactSet Consensus, Citi, and TD Securities.</p> 
<p><a href="https://x.com/KobeissiLetter/status/1800623449640964207/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GP0YmXlXIAAH48f?format=jpg&amp;name=900x900" alt="" width="778" height="508" title="Bitcoin ETFs Record $200M In Outflows Ahead Of Today's CPI Data 15"></a></p> 
<p>If inflation rises again, the Fed will be in a difficult spot. Fed’s reaction will be noted on June 13. The latest reading of the Consumer Price Index is set to be released today at 8:30 a.m. ET.</p>

Bitcoin ETFs Record $200M In Outflows Ahead Of Today’s CPI Data

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