Bitcoin ETFs Draw $286 Million Over Two Days Ahead of Fed Decision

Bitcoin (BTC) remained below $82,000 Wednesday after U.S. spot funds posted $286 million in net inflows over Monday and Tuesday, ahead of the Federal Reserve’s rate decision. The funds recorded about $110 million in inflows Monday and $176 million Tuesday. BlackRock’s IBIT accounted for $151.5 million of Tuesday’s total. The two-day net inflow followed nearly $774 million in fund withdrawals on Thursday and Friday of the previous week. The rebound left U.S. spot Bitcoin ETFs with about $26 million in net outflows for October. Their year-to-date net inflows stood at roughly $850 million. Spot Ether ETFs moved in the opposite direction, with about $149 million in net outflows across Monday and Tuesday and $1.32 billion in outflows for October. Bitcoin was $81,297 at 7:53 a.m. ET (11:53 UTC) Oct. 28.

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