Bitcoin ETFs End Streak as Rate Hike Fears Overshadow Clarity Act Momentum

Bitcoin ETFs in the United States have experienced significant capital outflows at the end of last week, according to Jinse Finance. On July 27, it was reported that over $465 million was withdrawn from Bitcoin spot ETFs on July 23 and 24, putting an end to a streak of seven consecutive trading days of inflows.

This sudden change occurred amidst concerns over the Federal Reserve possibly raising interest rates, which overshadowed the positive momentum behind the Clarity Act. Despite the large-scale withdrawals in the past two trading days, Bitcoin ETFs still reported $33.8 million in net inflows for the week.

Notably, this marks the third consecutive week of inflows for Bitcoin ETFs, reversing an eight-week trend of $830 million outflows. This shift highlights the fragility of Bitcoin's recent rebound and raises questions about its long-term stability.