LowNegative
Announced Mon, 27 Jul · 10:35 IST
Bitcoin ETFs End Inflow Streak as Fed Rate Concerns Mount
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
US-listed Bitcoin ETFs saw outflows of over $465 million on July 23 and 24, snapping a seven-session inflow streak, as concerns over potential US Federal Reserve interest rate hikes overshadowed momentum behind the Clarity Act crypto bill. Despite the late-week withdrawals, Bitcoin ETFs recorded net inflows of $33.8 million for the full week, marking a third consecutive week of inflows. Bitcoin recovered above $65,000 in early Asia trading Monday, supported by easing Middle East tensions after the US and Iran extended a pause in retaliatory strikes.