On Wednesday, investors pulled a record $563 million from the U.S.-based spot bitcoin ETFs.
Fidelity's FBTC led the outflows, followed by GBTC, ARKB and IBIT.
Powell ruled out a rate hike as the next move, catalyzing a brief bounce in BTC.
Investors dumped U.S.-based spot bitcoin {{BTC}} exchange-traded funds (ETFs) at the fastest pace on Wednesday, even as Federal Reserve (Fed) chairman Jerome Powell dismissed the prospect of a rate hike.
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