On Tuesday, the data for the U.S. $BTC spot ETF experienced a significant pullback, possibly due to risk aversion ahead of today's Federal Reserve interest rate meeting. After all, there is also the passing of the state Bitcoin strategic reserve on Tuesday, and the BTC price has rebounded nicely. Let's wait for Wednesday's data.

Although there was a net outflow on Tuesday, BlackRock's investors have seen a net inflow for the 16th consecutive working day, albeit with only 280 BTC flowing in. Grayscale, ARK, and Invesco were the main sellers, but the volume isn't significant. Overall, there are no signs of panic; it is most likely just risk aversion.

Today's interest rate meeting had some hawkish statements, but they are still within market expectations. The U.S. has officially begun negotiations with China over tariff issues, and Trump's preparation to abolish Biden's AI diffusion rules are both positive stimuli for the market. Let's see if the U.S. stock market can return to the levels it fell from on February 25 due to tariffs.