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Bitcoin, Ether ETFs Lose $520M as XRP Bucks Fed Rate-Hike Selloff

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: U.S. bitcoin and ether ETFs lost a combined $520.09 million on Wednesday as the Federal Reserve delivered its first interest-rate increase since 2023. XRP, solana and HYPE funds bucked the pressure with modest inflows. Blackrock Leads Bitcoin, Ether ETF Selloff Wall Street’s renewed fight against inflation landed squarely on the crypto market on Wednesday, Sept. […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH / Neutral XRP Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike triggered $520M ETF outflows, pressuring BTC/ETH but not affecting XRP.

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