According to statistics, yesterday the total net outflow of Bitcoin spot ETFs was 418 million dollars, with no net inflow in twelve ETFs. Among them, Fidelity ETF FBTC had a net outflow of 300 million dollars, with its historical total net inflow now at 11.924 billion dollars. Blackrock ETF IBIT had a net outflow of 37.2546 million dollars in a single day, with a historical total net inflow of 60.819 billion dollars.

Currently, the total net asset value of Bitcoin spot ETFs is 143.563 billion dollars, with an ETF net asset ratio of 6.59%, and the historical cumulative net inflow has reached 56.815 billion dollars. The significant net outflow from Bitcoin spot ETFs may be related to the recent drop in Bitcoin prices, which fell below 110,000 dollars yesterday, causing a daily evaporation of 43 billion from the global cryptocurrency market cap to 2.18 trillion dollars.

If the future successor to Powell as the next Federal Reserve Chair unexpectedly leans towards a more accommodative stance, there is indeed a considerable possibility that Bitcoin prices will rise significantly again, becoming a major positive factor for the cryptocurrency market.

Because the new chair may favor loose policies, it could lead to a decrease in the investment value of dollar-supported assets, prompting investors to shift funds towards Bitcoin and other cryptocurrencies.

In addition, if the new Federal Reserve Chair supports multiple rate cuts, it will also strongly support the rise in Bitcoin prices #加密市场回调 $BTC