Bitcoin ETF Sees $51 Million Outflow Amid Fed’s Hawkish Outlook

Spot Bitcoin ETFs experienced a net outflow of $51.28 million on Wednesday, ending a seven-day inflow streak that accumulated nearly $3 billion.
Total assets under management for these ETFs remain above $150 billion despite the outflows.
The Federal Reserve's cautious outlook impacted investor sentiment, with Fed Chair Jerome Powell highlighting economic uncertainty and indicating fewer future rate cuts than anticipated.
The Fed reduced its benchmark rate by 25 basis points to a range of 4.00% to 4.25% but signaled only two more cuts in 2025 and fewer in 2026.
Powell's remarks on inflation and employment risks led to market caution and a slight pullback in risk assets.
Ethereum ETFs also faced net outflows, losing $1.89 million after a $61.7 million withdrawal the previous day.
Cryptocurrency prices rose slightly: Bitcoin increased by about 0.3%, and Ether moved up 1.7%. The CoinDesk 20 index gained 2%.