Bitcoin falls below $58,000 after US CPI data

US listed bitcoin spot ETFs posted net outflows of $81 million on Wednesdayending a two-day positive streak. Grayscale’s GBTC recorded outflows of $56 million, the highest among peers, with Fidelity’s FBTC recording outflows of $18 million. 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 with net inflows, adding a cumulative $6 million. Ether ETFs fared better, with net inflows of $10 million, extending a three-day streak. BlackRock’s ETHA saw inflows of $16 million, while Grayscale’s ETHE lost $16 million. Grayscale’s mini Ether trust ETH, Fidelity’s FETH and Bitwise’s ETHW received a cumulative flow of $11 million.