Bitcoin ETFs See $600 Million Exodus as Fed Takes Hawkish Turn

Digital asset investment products, particularly those focused on Bitcoin, experienced significant outflows of $600 million last week, marking the largest weekly withdrawal since March 22, 2024. Crypto reporter Colin Wu attributed this sharp decline to a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting, which prompted investors to reduce their exposure to fixed-supply assets, notably The post Bitcoin ETFs See $600 Million Exodus as Fed Takes Hawkish Turn appeared first on Coin Edition .

Source: Coin Edition