Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died
CoinDesk 2026-06-18 06:02:19
Context: The cryptocurrency market experienced a significant downturn as the total market value of Bitcoin and Ether exchange-traded funds (ETFs) plummeted, with investors losing confidence after the Federal Reserve dashed hopes of an imminent interest rate cut. This shift in market sentiment occurred as the Fed's stance on monetary policy altered the outlook for risky assets, including cryptocurrencies. The market's recovery momentum began to falter following the Fed's announcement.
Key Facts
- The combined value of Bitcoin and Ether ETFs experienced a substantial outflow of $111 million, reflecting a significant shift in investor sentiment following the Federal Reserve's decision on interest rates.
- The total market value of cryptocurrencies has remained relatively stable near $2.26 trillion since Tuesday, but this stability belies a loss of momentum in the market's recovery.
- The Federal Reserve's decision to hold off on cutting interest rates appears to have been a critical factor in the decline of cryptocurrency values, as investors reassessed their appetite for riskier assets.
- The spot ETFs, which had previously seen inflows, swung back to outflows, indicating a reversal in investor sentiment and a loss of confidence in the market's prospects for growth.