Bitcoin ETFs recorded a second straight day of outflows on Tuesday, with $200 million exiting the 11 spot merchandise throughout the U.S., the easiest since Would possibly 1. Grayscale’s GBTC, as a result of it often is, was the worst affected, with outflows of $120 million. ARK 21Shares’ ARKB, Bitwise’s BITB and VanEck’s HODL’s outflows ranged from $57 million to $7 million. “Markets are [in] risk-off mode ahead of CPI and FOMC tomorrow. This month’s FOMC may even launch the Dot Plot, which informs the market what variety of cuts the Fed anticipates for the rest of 2024,” Singapore-based QCP Capital talked about in a Tuesday broadcast message. Nonetheless, the company added that its long-term view is bullish “no matter short-term headwinds.”
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