The outflows from the U.S. spot Bitcoin ETFs have exacerbated further surging past $500 million on Wednesday, May 1. This massive selling pressure comes following the FOMC meeting when Fed Chair Jerome Powell announced to keep interest rates unchanged pushing the Bitcoin price another 5% down to $57,500. Fidelity Bitcoin ETF Outflows Beat Grayscale’s As The post U.S. Bitcoin ETF Outflows Surge Past $560 Million, More Pain Ahead? appeared first on CoinGape .
