US spot Bitcoin ETFs recorded $163.5 million in outflows on Wednesday, ending seven consecutive days of inflows that had totalled $1.2 billion, according to Farside data. The Fidelity Wise Origin Bitcoin Fund led redemptions at roughly $104 million, followed by BlackRock‘s iShares Bitcoin Trust ETF at $34 million.
The outflows coincided with Bitcoin slipping below $71,000 after trading above $75,000 earlier in the week. The Crypto Fear & Greed Index briefly recovered to 26, or “Fear,” before falling back to “Extreme Fear” on Thursday.
Ether ETFs also saw losses of around $56 million, with Fidelity Investments‘ Ethereum Fund accounting for $37 million. Solana ETFs posted minor outflows near $300,000, while XRP ETFs reported zero inflows.
The Federal Open Market Committee held the Federal Funds rate steady at 3.5–3.75%, as Federal Reserve Chairman Jerome Powell noted inflation remained “somewhat elevated” above the Fed’s 2% target amid ongoing Middle East uncertainty.
Originally reported by CoinTelegraph.
