Bitcoin spot ETFs see $263 million net outflow as inflow streak ends
Updated
Updated · The Wall Street Journal · Apr 29
Bitcoin spot ETFs see $263 million net outflow as inflow streak ends
2 articles · Updated · The Wall Street Journal · Apr 29
A net outflow of $263.2 million from bitcoin spot ETFs was recorded yesterday, breaking a two-week run of positive inflows ahead of the Federal Reserve's interest rate decision.
Bitcoin's price fell 1.2% to $76,015 as investors locked in gains and positioned for potential Fed guidance, with $93 billion in long positions liquidated in the past 24 hours.
Market participants expect the Federal Reserve to keep rates unchanged but are watching for signals on future policy, as cautious monetary stances could pressure non-yielding assets like bitcoin.
Bitcoin ETFs see major outflows before the Fed's decision. Is this temporary profit-taking or a larger trend reversal?
As the Fed holds rates amid high inflation, will tech's long-term growth bets survive new hawkish leadership?
While Piotech's orders soar, why is its stock dropping amid China's massive push for semiconductor self-sufficiency?
Corning's stock is falling despite a promising AI strategy. Is the market overlooking the future of optical data centers?
With AI causing a memory chip 'zero-sum' game, who will be the ultimate winners and losers in the supply chain?
Is KPN's heavy investment in fiber a masterstroke for future dominance or a drain on current shareholder value?