đ Net Outflows in Bitcoin and Ethereum ETFs! đ
- 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 Investâs ARKB withdrew 43.4 million $ , Grayscaleâs 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? Letâs discuss in the comments! đŹđ