Spot bitcoin ETFS saw its first daily outings in more than a week on Wednesday, throwing $ 51.28 million, since investors reacted to the unexpectedly cautious perspective of the Federal Reserve on future policy.
The departure broke a seven -day streak that had brought almost $ 3 billion. The assets under administration remain above $ 150 billion, according to Sosovalue’s data, but the tone in the markets changed after the president of the Fed, Jerome Powell, emphasized the economic uncertainty and pointed out less cuts ahead of what the merchants expected.
As expected, the FED reduced its reference rate at 25 basic points, leading it to a range of 4.00% to 4.25%, in its first cut of the year. But the true surprise came from the updated projections of the Central Bank, which indicated only two more cuts in 2025 and less in 2026 that the markets had a price.
In a cautious press conference, Powell warned of “high” inflation and the increase in “downward risks” for employment, which has a tone that left caution merchants. The markets interpreted the measure as an aggressive cut, which caused a slight setback in risk assets.
Etfs Ethereum also saw reimbursements, with net exits for a second consecutive day. The withdrawals amounted to $ 1.89 million after the departure of $ 61.7 million the previous day.
Cryptocurrency prices surpassed. Bitcoin increased around 0.3% in the last 24 hours, while Ether rose 1.7%. The broader Coindesk 20 (CD20) index increased by 2%.
