U.S. spot Bitcoin and Ethereum ETFs turned negative after the Federal Reserve’s hawkish message weakened rate-cut hopes.
Bitcoin funds lost $82 million, while ETH funds lost $29 million, creating a combined $111 million outflow across the two largest crypto ETF categories.
The Bitcoin ETF outflow was broader than some earlier sessions. BlackRock’s IBIT, which had often absorbed capital even when other funds lost money, shed $31 million. ARKB lost $44 million, while every ether ETF finished the session in the red.
Read more: Bitcoin price prediction
That pressure followed Kevin Warsh’s first Fed meeting as chair. The central bank kept rates at 3.50% to 3.75%, but its projections turned more hawkish, with the median forecast now seeing the policy rate at 3.8% by the end of 2026. Nine of 18 officials also penciled in a rate hike this year.
At the same time, onchain data gave a different signal. Bitcoin addresses holding 1,000 or more BTC now control about 7.17 million coins, their highest level since March 14, according to Santiment data.
Read more: Ethereum price prediction
That creates a split market. ETF investors are pulling back as the macro picture turns less friendly, but large wallets are adding exposure while Bitcoin trades near $64,000. Exchange reserves have also fallen by roughly 80,000 BTC since February, while wallets with a history of holding absorbed about 125,000 BTC in the first half of June.
The market now needs confirmation. If ETF inflows return, Bitcoin may regain institutional momentum. If outflows continue, whale accumulation alone may not be enough to restart the rally.
