Bitcoin ETF outflows hit $200 million ahead of FOMC meeting
Summary
Bitcoin ETFs in the US experienced $200 million in outflows on June 11, led by Grayscale's GBTC with $121 million. This contributed to Bitcoin's price drop to $66,207, but it has since recovered to $67,449. Experts believe the outflows reflect investor caution ahead of the FOMC meeting, despite expectations of no change in interest rates. Three US lawmakers have urged the Federal Reserve to lower the federal funds rate from its two-decade high of 5.5%.
