Bitcoin Spot ETF Sees $420 Million Outflow, Breaking a 9-Day Streak of Inflows Ahead of FOMC

Various Factors Impacting the Market

The U.S. Bitcoin (BTC) spot ETF (Exchange Traded Fund) recorded a net outflow of $263.2 million (approximately 420 billion yen) on the 27th. This marked an end to the continuous inflows just before this week's Federal Open Market Committee (FOMC) meeting.

Bitcoin has maintained an approximate 14% increase over the past month. However, the market is currently focused on the movements of the Federal Reserve Board (FRB), new inflation concerns, GDP statistics, and major stocks...