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Bitcoin ETFs see $465 million outflows as Fed rate fears grow
Spot Bitcoin ETFs logged more than $465 million of outflows on July 23 and July 24, ending a seven-session inflow streak amid rising expectations of tighter US policy.
US-listed spot Bitcoin exchange-traded funds reversed course late last week, with Heavy outflows highlighting fragility in the token’s rebound. According to LiveMint Markets, the ETFs saw more than $465 million of withdrawals on July 23 and July 24, snapping a seven-session inflow streak.
The ETF outflows coincided with renewed concerns that the US Federal Reserve could raise interest rates, which weighed on risk sentiment even as Bitcoin recovered earlier in the week. LiveMint Markets reported that Bitcoin climbed back above $65,000 in early Asia trading Monday and rose as much as 1.4% alongside other risk assets.
Geopolitical developments also contributed to volatility, with LiveMint Markets noting that the US and Iran extended a pause in retaliatory strikes and that concerns about disruptions to regional energy supplies eased. The article linked the broader “macro-driven uncertainty” to shifting Fed expectations.
Legislative momentum around the Clarity Act, a long-awaited US crypto market-structure bill, remains another swing factor. LiveMint Markets said debate has centered on ethics provisions and lawmakers’ efforts to secure enough Democratic votes ahead of the August recess, while also citing reported criticism over President Donald Trump’s disclosed crypto-linked windfall. Despite the late-week withdrawals, the ETFs recorded $33.8 million of inflows for the full week, and the piece said the next sessions could show whether flows stabilize or another week of outflows follows.
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