Bitcoin's Spot ETF Winning Streak Ends Amid Federal Reserve Pressure
Bitcoin's recent winning streak in spot exchange-traded funds (ETFs) has come to an end, with net outflows recorded as investors reduced their exposure ahead of the Federal Reserve meeting.
The decline marks a shift from the previous series of inflows, which had strengthened confidence across the crypto market. Analysts view this latest trend as temporary caution rather than a long-term decline in institutional demand.
According to sources, most investors expect the Federal Reserve to keep interest rates high for a longer period, which has created pressure on several risk assets, including cryptocurrencies like Bitcoin.
The upcoming Federal Reserve meeting is seen as a major market catalyst, with policymakers' statements expected to influence expectations for future rate cuts and affect Bitcoin prices.