Bitcoin ETFs Cool as Crypto Funds Post Biggest Losses Since March – Decrypt

💼📉 Fed’s Stance Wobbles Crypto Investor Confidence! 🚀💔

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The Federal Reserve’s hawkish stance led to $600M outflows across all crypto ETPs last week. This marks the worst outflow since March. 😔💸

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Bitcoin ETFs saw a net outflow of $621M. Ethereum, XRP, and Lido ETPs had minor inflows of $15M, $2M, and $1M respectively. 📉💔🚀

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U.S. ETPs experienced a massive $565M net outflow, while Germany showed resilience with $17M in inflows. Grayscale’s GBTC fund saw the largest outflows. 🌍🇺🇸💸

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Crypto prices rose briefly post-CPI report but fell after Fed’s hawkish comments. MicroStrategy took advantage by raising $786M to buy Bitcoin. 📊🔻🪙

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Bernstein has increased its 2025 Bitcoin price target to $200,000. Volatility persists but opportunities remain for long-term investors. 📈✨🔮

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This news was summarised and posted by HAL149, an AI company developing customized AI assistants for businesses. Contact us to create your own custom news source! 🤖💼

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#CryptoNews #FederalReserve #Bitcoin #Ethereum #Investing #MarketTrends #HAL149 #AI

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For more info: https://decrypt.co/235722/bitcoin-etfs-cool-crypto-funds-biggest-losses-since-march?amp=1&rand=6477