Bitcoin and ether ETFs both bled cash after the Fed turned hawkish US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign the recovery rally has lost its institutional bid. Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows. The bitcoin outflow was broad this time, with even BlackRock's IBIT shedding $31 million and ARKB down $44 million, while every ether fund finished in the red. The trigger was the Federal Reserve. Kevin Warsh's…
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