“The Fed decision this week poses a risk, with concerns over a less investor-friendly policy stance due to strong U.S. economic data and inflation,” Joel Kruger, market strategist at LMAX Group, said in an emailed note. “While correlations between crypto and traditional assets have been low, a risk-off sentiment from the Fed decision could spill over into crypto.”
Grayscale’s GBTC Sees Inflow for First Time Since Bitcoin ETF’s January Debut
While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund...