CoinDesk·1d ago·negative

Bitcoin and ether ETFs saw $111 million in outflows as Fed dashed rate-cut hopes

Spot bitcoin ETFs lost $82 million and ether ETFs lost $29 million on Wednesday as the Federal Reserve's hawkish stance killed expectations of rate cuts, removing a key driver of the recent crypto recovery rally.

Bitcoin ETFs saw $82M in outflows, with BlackRock's IBIT losing $31M and ARKB down $44M
Ether ETFs all finished in the red, losing $29M combined
Fed Chair Kevin Warsh held rates steady but signaled higher-for-longer policy, with 9 of 18 officials projecting a hike this year
Total crypto market cap held flat near $2.26 trillion as bitcoin eased to ~$63,800

marketregulationImpact 7/10

Why our editor rated this negative

ETF outflows signal weakening institutional demand, and the Fed's hawkish pivot removes the rate-cut catalyst that had been supporting crypto prices. This is a clear negative for the market.

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