US Bitcoin ETF: Losing $94.6 million due to the hawkish stance of the Federal Reserve

The US Bitcoin ETF suffered a loss of $94.6 million due to market volatility caused by the recent hawkish stance of the Federal Reserve. Previously, the Federal Reserve hinted at the possibility of further interest rate hikes to address inflationary pressures, raising concerns among investors about risky assets. The market sentiment has turned conservative, and the outflow of funds has exacerbated the losses of Bitcoin ETFs. （Decrypt）