Bitcoin ETFs Retreat Amid Macro Concerns | Business and Finance News

Bitcoin ETFs took a sharp turn this week, posting two straight days of outflows totaling $465 million — wiping out nearly half of their recent $1 billion inflow streak. BlackRock’s IBIT led the outflow with $415 million, signaling institutional caution amid rising oil prices, geopolitical tensions, and growing Fed rate hike expectations. Broader markets mirrored this caution, with U.S. stocks and bonds also seeing outflows. Yet optimism persists: if the Fed holds off on hikes, Bitcoin’s bottom may already be in. The July 29 Fed decision — currently priced at a 34% chance of a 25-basis-point increase — could be pivotal. With geopolitical risks easing, crypto could rebound, especially as August sets the stage for year-end momentum if Middle East tensions ease. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6ed45f993df75ada