Bitcoin ETFs Under Pressure: Outflows Amidst Fed Rate Adjustments

Recent shifts in the cryptocurrency market have put pressure on Bitcoin exchange-traded funds (ETFs) as investors withdrew a record $470 million from these investments. This move coincides with the Federal Reserve’s interest rate adjustments, highlighting the volatility and challenges facing the crypto sector. Amidst this turbulence, bitcoin prices experienced notable drops briefly reaching $108,000 before stabilizing. 💰 While inflows were positive earlier in the week, a significant decline has emerged.