FOMC

Bitcoin

Million

Coin

<ul class="news-points">
 <li><strong>Bitcoin leads outflows, with $621M withdrawn, reflecting cautious investor sentiment after FOMC meeting.</strong></li>
 <li><strong>Despite daily outflows, cumulative net inflow for digital asset ETFs remains positive at $15.11B, showing long-term confidence.</strong></li>
 <li><strong>High trading activity with $1.76B traded and overall ETF net assets growing 4.42% to $57.27B despite recent setbacks.</strong></li>
</ul>
<p>Digital asset investment products, particularly those focused on Bitcoin, experienced significant outflows of $600 million last week, marking the largest weekly withdrawal since March 22, 2024.</p>
<p>Crypto reporter Colin Wu attributed this sharp decline to a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting, which prompted investors to reduce their exposure to fixed-supply assets, notably Bitcoin. The outflows were concentrated entirely in Bitcoin, with $621 million withdrawn.</p>
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   <p lang="en" dir="ltr">Digital asset investment products experienced outflows totalling US$600 million last week, the largest since March 22, 2024, likely due to a more hawkish-than-expected FOMC meeting, prompting investors to scale back their exposure to fixed-supply assets. The outflows were…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1802629730145108411?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 17, 2024</a>
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<p>The post <a href="https://coinedition.com/bitcoin-etfs-see-600-million-exodus-as-fed-takes-hawkish-turn/" rel="noopener noreferrer nofollow">Bitcoin ETFs See $600 Million Exodus as Fed Takes Hawkish Turn</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs See $600 Million Exodus as Fed Takes Hawkish Turn

Coin Edition

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