📉 Net Outflows in Bitcoin and Ethereum ETFs! 📉

- While Bitcoin ETFs were on a shopping spree before the FOMC meeting, things changed on the day of the meeting.

- The FED lowered interest rates by 50 basis points, but there was a net outflow of 52.7 million $ from Bitcoin ETFs.

- Ark Invest’s ARKB withdrew 43.4 million $ , Grayscale’s GBTC lost 8.1 million $ and BITB lost 3.9 million $ .

- Ethereum ETFs suffered a similar fate, closing the day with a net outflow of 9.8 million $ .

So do you think these outflows are temporary? Let’s discuss in the comments! 💬🚀