On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, adopted by ARKB’s $98.1 million and IBIT’s $36.9 million. Different funds additionally bled cash although Powell’s net-dovish strategy put a ground underneath danger belongings, together with bitcoin. A dovish stance is one the place the central financial institution prefers employment and financial overgrowth over extreme liquidity tightening.
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