Spot Bitcoin ETFs are heading into the Federal Reserve decision with cautious flow data, showing Wall Street has not abandoned the trade, but also is not rushing aggressively into risk ahead of a major macro catalyst. TL;DR Bitcoin ETF flows swung from a Monday outflow to a small Tuesday inflow, according to the source packet. GBTC continued to show pressure, while IBIT led the modest rebound. The flow shift comes as traders wait for the Fed decision and guidance from Chair Kevin Warsh. The numbers are small relative to total ETF assets, so the story is caution, not panic. ETF Flows Show A Cautious Market Bitcoin ETF flows are often treated as a clean read on institutional demand, but the latest setup looks more nuanced. The source packet for this batch points to a $64.09 million net outflow on Monday, June 15, followed by a modest $10.2 million net inflow on Tuesday, June 16. That is not a collapse in demand. It is a market stepping carefully around the Fed. ...
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