$BTC

As tensions in the Middle East rise, Bitcoin spot ETFs have seen their largest daily net outflow in a month, with the outflow reversing an eight-day trend of inflows totaling $1.4 billion. According to the latest market analysis, Bitcoin spot ETFs experienced their largest outflow in more than four months on Tuesday, with more than $287 million withdrawn from 11 U.S.-listed ETFs.

This outflow could be due to a variety of factors, including market concerns about tensions in the Middle East and concerns about an economic slowdown. In addition, the decline in Bitcoin prices could also be one of the reasons for the outflow. Although Bitcoin is sometimes seen as a safe haven asset, investors may choose to withdraw from riskier assets, including cryptocurrencies, during periods of market turmoil.

It is worth noting that the Federal Reserve decided to cut interest rates by 50 basis points on September 19, 2024, the first rate cut since March 2020. Rate cuts typically stimulate economic activity and may lead to inflows into riskier assets, including cryptocurrencies. However, despite the positive news of rate cuts, outflows from Bitcoin ETFs suggest that market sentiment may still be cautious. #BTC☀ #BTC15万 #btcetf #比特币etf #大A香还是大饼香