Fed concerns negatively affected spot Bitcoin ETFs.
Spot Bitcoin ETFs in the US market ended a 19-day series of positive inflows and recorded a net outflow yesterday.
While spot BTC ETFs have recorded positive inflows since May 10, it was seen that investors followed a risk-avoidance policy before the CPI and FOMC meeting decision at the beginning of the week. This also had a negative impact on the Bitcoin market. While 11 spot Bitcoin ETFs traded in the US recorded a net outflow of nearly $65 million yesterday, Bitcoin, which remained stable yesterday, fell to $67,500 with a decline that started in the early hours of the day.
GBTC ranked first in spot ETF outflows with an outflow of nearly $40 million. Then BTCO and FBTC recorded fund outflows of $20.5 million and $3 million, respectively. Bitwise and BlackRock's Bitcoin ETFs recorded partial inflows of $7.6 million and $6.3 million.
