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B3bit

06/19 17:49Alcista

Following the Fed's policy adjustment, Bitcoin ETF

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Following the Fed's policy adjustment, Bitcoin ETF outflows reveal a divergence in demand. Farside data shows that $82.2 million flowed out of this category, but FBTC and MSBT still attracted inflows after the Fed's policy adjustment. On June 17th, US spot Bitcoin ETFs saw a net outflow of $82.2 million, but some funds still attracted inflows. This outflow occurred after the Fed's policy adjustment on June 17th, making fund flow data a litmus test of market demand in the face of weakened policy support. ARKB and IBIT led the decline in redemptions, while FBTC and MSBT maintained positive growth. Therefore, it remains unclear whether the divergence in fund flows is a rotation or an overall weakness. US spot Bitcoin ETFs turned negative on June 17th, but fund-level fund flows show market divergence, with some products still attracting new inflows. Farside Investors recorded a net outflow of $82.2 million from US spot Bitcoin ETFs, but the divergence behind this total is more significant than the net outflow figure itself. ARKB's market capitalization shrank by $43.5 million, IBIT's by $30.8 million, GBTC's by $15.5 million, BTCO's by $6.4 million, and HODL's by $4.1 million. However, FBTC's market capitalization increased by $14 million, and MSBT's by $4.1 million, making the day a test of demand across different Bitcoin product offerings. The outflow occurred around the time of the Federal Reserve's policy update on June 17, coinciding with Kevin Warsh's first meeting as chairman. This meeting kept interest rates unchanged but adjusted expectations for future interest rates and inflation, weakening their support for risk assets. The first batch of ETF data after the policy adjustment is a stress test of which Bitcoin products can still gain market acceptance when the macroeconomic buffer weakens.
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