Welcome to Extreme Investor Network, where we provide you with expert insights and analysis on the Stock Market, trading, and all things Wall Street. Today, we are diving into the recent developments in the US BTC-spot ETF market amid uncertainty surrounding the Federal Reserve’s rate path.
The US BTC-spot ETF market saw a shift in sentiment this past week, with net outflows totaling $400.7 million as markets adjusted their expectations for a December Fed rate cut. This change came as Fed Chair Jerome Powell urged caution on further policy moves until there is greater economic clarity. Economic indicators, such as US producer prices exceeding forecasts and strong retail sales, further influenced market sentiment.
According to Farside Investors, key players in the US BTC-spot ETF market experienced outflows, including Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB). Despite the recent outflows, the market is still on track for a sixth week of net inflows, reflecting the underlying demand for BTC.
On the price action front, Bitcoin (BTC) saw a positive trend on Friday, with a 3.90% rally pushing its price to $90,727. Market participants are closely watching for developments in regulatory policies and market shifts that could impact crypto assets.
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