Fed Uncertainty Triggers $550 Million Exit from Bitcoin and Ethereum ETFs
The post Fed Uncertainty Triggers $550 Million Exit from Bitcoin and Ethereum ETFs appeared first on Coinpedia Fintech NewsOn October 29, U.S. crypto ETFs saw heavy withdrawals. Data from SoSoValue shows Bitcoin funds lost around $470.71 million, while Ethereum ETFs recorded outflows of $81.44 million. Both assets dropped in value after Fed Chair Jerome Powell suggested during the October meeting that the recent 25 basis point rate cut may be the final one ...