Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died
Bitcoin and ether exchange-traded funds (ETFs) saw a combined $111 million in outflows following a hawkish shift in Federal Reserve policy. Markets reacted negatively to the Fed's decision to hold rates steady with projections of future hikes, ending hopes for immediate rate cuts.
Why it matters
The shift in Federal Reserve policy directly impacts investor sentiment and capital flows into speculative digital assets.
Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows. The bitcoin outflow was broad this time, with even BlackRock s IBIT shedding $31 million and ARKB down $44 million, while every ether fund finished in the red.
The article relies on market data and official Fed projections to explain the financial movement.
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