Bitcoin ETFs Experience Largest Outflows Since March

Investor confidence wanes as Federal Reserve's hawkish stance impacts cryptocurrency markets

Bitcoin ETFs saw $621 million in outflows last week, the highest since March.
The Federal Reserve's indication of limited rate cuts in 2024 has contributed to the outflows.
Grayscale's Bitcoin Trust ETF led with $274 million in outflows.
Other crypto ETPs like Ethereum and XRP saw minor inflows, contrasting with Bitcoin's losses.
BlackRock's iShares Bitcoin Trust was a rare exception, attracting $42 million in new investments.