None of the major ETF issuers picked up #BTC or #ETH yesterday. In fact, firms like BlackRock, Fidelity, and Grayscale were selling — explaining much of the dip.

The sell-off likely ties to Powell’s upcoming Friday speech, where he could address interest rates. With PPI ticking higher, investors doubt he’ll signal rate cuts, sparking panic selling instead.

Chances are, some of these same players will end up buying back at higher levels in the weeks ahead.