Bitcoin ETF Outflows Amid Fed Concerns

There has been a notable shift in digital asset investment trends, marked by significant outflows in Bitcoin ETFs and ETPs, with Fidelity's Bitcoin ETF seeing a US$48.4 million outflow. The Bitcoin ETPs experienced $430 million in outflows due to macroeconomic concerns around Federal Reserve policies and inflation. Meanwhile, Ethereum ETFs managed by Fidelity recorded a US$4.6 million inflow, suggesting growing investor interest in Ethereum. Large players in the crypto market accumulated over 28,000 BTC, which is considered bullish as these assets are taken off exchange markets. Despite Bitcoin outflows, altcoins like Solana and XRP saw significant inflows, reflecting a shift in investor interest towards these assets.