traded in the USA spot Bitcoin 
$110,896.21 ETFThere was a net outflow of 1.23 billion dollars from ‘s last week. The weekly net outflow of $1.23 billion represents the second-largest weekly loss in the ETFs’ history. SoSoValue According to data, there was an outflow of $366.6 million from ETFs on Friday alone. This sharp reversal, following the strong inflow of $2.7 billion in the previous week, cryptocurrency marketIt reveals that they reduced their positions in the face of the sharp volatility in the market.
ETF Outflows Follow Bitcoin’s Sharp Drop
The breakout period in Bitcoin ETFs BitcoinIt coincided with the sharp decline period in which it fell from $ 121,000 to $ 103,700 in the week of October 10-17. CryptoAppsyAccording to ‘s price page, the largest cryptocurrency rebounded at the close of the week, rising to $111,268. Ethereum 
$4,042.11 It gained 5 percent in value in the last 24 hours and reached $4,082. Data shows that investors remain hopeful for price stability in the short term despite volatility.
It appears that the outflow of $1.23 billion is only behind the record outflow of $2.6 billion recorded at the end of February 2024. Thus, last week’s net total outflow was recorded as the second largest weekly capital outflow of the year. Analysts cryptocurrency ETFHe evaluates that the capital coming out of ‘s may be related to the temporary tendency to hold cash.
Interest Rate Cut Expectations May Increase Risk Appetite Again
On the macro front, the upcoming interest rate decision of the US Federal Reserve (Fed) has become the focus of the markets. BTC Markets analyst Rachael LucasMinister Jerome PowellHe reminded that in his last speech, he emphasized that growth was stronger than expected, but that the softening in the labor market continued. According to Lucas, this rhetoric lowers bond yields while improving liquidity conditions for risky asset classes, including cryptocurrencies.
Analysts FedHe states that expectations that the company may cut interest rates at the end of the month and end the quantitative tightening process earlier than expected have started to re-price. Such a policy change could enable cryptocurrencies to attract capital again in the last quarter of the year.
