Bitcoin ETFs see $462.7M outflow ahead of Fed, BoE, and BoJ meetings
- —$462.7M withdrawn from bitcoin ETFs over 4 days, while ETH ETFs saw $197.1M inflow
- —BTC down 3.8% over the week, down 1.8% month-to-date, trading around $77,200
- —The probability of a 0.25 pp Fed rate hike on September 16 is 87.5% according to CME FedWatch
- —Stablecoin market cap rose to $309B, while BTC's market share declines
Why it matters: Three central bank meetings will set the macro backdrop for risk assets; a hawkish signal could keep funds in stablecoins and increase pressure on BTC.
Source: CoinDesk Japan