Spot Bitcoin ETFS saw their first daily outflow of over a week on Wednesday and raised a net $ 51.28 million as investors responded to the Federal Reserve’s unexpectedly cautious view of future policy.
The outflow broke a seven-day line that had brought almost $ 3 billion. According to Sosovalue -Data, which is under administration, according to Sosovalue data, but the tone of the markets changed after Fed -Chairman Jerome Powell emphasized financial uncertainty and signalized fewer cuts than dealers had hoped.
As expected, Fed lowered its benchmark rate by 25 basic points, which brought it to a range of 4.00% to 4.25% in the first cut of the year. But the real surprise came from the central bank’s updated projections, which indicated only two additional cuts in 2025 and fewer in 2026 than the markets had priced in.
At a cautious press conference, Powell warned of “elevated” inflation and rising “downward risks” for employment and beating a tone that left traders gently. Markets interpreted the speed as a Hawkish cut and triggered a mild withdrawal in risk assets.
Ethereum ETFs also saw redemptions with net outflow for another straight day. Returns amounted to $ 1.89 million after the end of $ 61.7 million the day before.
Cryptocurrency prices angled higher. Bitcoin increased about 0.3% in the last 24 hours, while ether rose up 1.7%. The wider Coindesk 20 (CD20) index increased 2%.
