🗼🎰Bitcoin exchange-traded funds lose momentum.. Does this indicate a shift in the cryptocurrency market?

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US spot Bitcoin exchange-traded funds witnessed a notable slowdown in inflows last week, as investors chose to adopt a cautious stance towards risk, following the hawkish statements from Federal Reserve Chairman Jerome Powell regarding future interest rate cuts. This decline reflects the impact of Federal Reserve policy on Bitcoin funds and the exchange-traded funds linked to them.

According to SoSoValue data, Bitcoin exchange-traded funds attracted approximately $603.74 million during the period from May 12 to 16, down just over 35% compared to $934 million in the previous week. Despite the temporary slowdown in inflows, Bitcoin funds and exchange-traded funds continue to attract investor interest.