$USDC Federal Reserve's halt ignites fire under Bitcoin funds | ETF News
In summary
Bitcoin exchange-traded funds saw significant inflows and outflows this week, driven by investor reactions to macroeconomic shifts and the Federal Reserve's interest rate decision.
On Wednesday, there was an inflow of $142.31 million after the Fed paused interest rate hikes, with Ark Invest and Fidelity achieving the largest gains.
The price of Bitcoin rose to $99,637.39, driven by an increase in long positions, while market sentiment in options turned bullish.