💣 US economy scares off investors! Bitcoin ETF weekly inflow plummets by 40% ⚠️ Stagflation concerns escalate
Due to weak economic data from the US + Trump's new tariff impacts, last week's inflow of US spot Bitcoin ETFs sharply dropped to $1.81 billion 📉, a decline of over 40% compared to the previous week.
IBIT emerged as the biggest winner, attracting $2.48 billion, while ARKB saw an outflow of $457.6 million 💸, and FBTC also lost $201.1 million! Ethereum ETFs were similarly affected, with inflows dropping to $106.75 million.
ADP employment and GDP dual blows, the Federal Reserve may continue a hawkish stance, intensifying stagflation panic 💥 BTC fluctuates between $93,500 and $96,000, with FOMC interest rate decisions becoming the market focus! ⏳