Spot bitcoin ETFs lose $462.7 million after three-week inflow streak

  • U.S. spot Bitcoin ETFs posted $462.7 million in net weekly outflows.
  • QCP said markets largely priced in a 25-basis-point Federal Reserve rate increase.
  • U.S. spot Ether ETFs received $196.9 million over the same four trading sessions.

U.S. spot Bitcoin ETFs recorded $462.7 million in net outflows across four holiday-shortened trading sessions, ending a three-week inflow streak that had drawn roughly $3.8 billion. QCP described the weekly withdrawals as about $463 million and said markets had largely priced in a 25-basis-point Federal Reserve interest-rate increase, shifting attention to the accompanying policy language and signals on the future rate path. August U.S. CPI rose 0.4% month on month and 3.4% year on year, while QCP reported core CPI rose 0.3% monthly and its annual rate eased to 2.4% from 2.5%. Bitcoin briefly fell to $76,700 after the inflation data before recovering toward $77,600, while Ether held near $2,500. U.S. spot Ether ETFs attracted $196.9 million during the same four sessions, including $216.4 million on Friday.

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