Bitcoin ETF Flows Flip Positive After Fed Hike, CLARITY Act Vote Blocked
AI Market Summary
Bitcoin absorbed two near-term shocks—a procedural block of the CLARITY Act vote and a Fed rate hike—yet held near recent levels. Spot Bitcoin ETFs flipped from large net outflows ($450m, $296m) to a net inflow ($159m), led by BlackRock's IBIT (+$184m), signaling improved risk appetite post-decision. Powell's hawkish tone contrasts with falling Treasury yields, implying reduced expectations for additional hikes.
Impact level
● High
Affected assets
BTC/USDT+2.00%
AI Insight · BTC/USDTAI Insight
● Neutral
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Bitcoin absorbed two major shocks over a 48-hour window—a procedural vote that stalled the CLARITY Act and the Federal Reserve’s interest-rate increase—but held up relatively well, QCP Capital said. According to ME News, on Sept. 18 (UTC+8) Bitcoin briefly slid to a monthly low near $75,900 before finding support around $76,500.
QCP data showed U.S. spot Bitcoin ETFs posted net outflows of $450 million on Sept. 15 and $296 million on Sept. 16, before turning to a net inflow of $159 million on Sept. 17. BlackRock’s IBIT accounted for $184 million of net inflows on its own, pointing to improved ETF demand after the Fed move.
QCP added that the 25-basis-point hike had been fully priced in, with the more consequential factor being Fed Chair Jerome Powell’s hawkish tone on inflation and the need to keep policy restrictive. U.S. Treasury yields later declined across the curve, a move the firm said suggests markets see the hike as reducing the odds of additional rate increases. (Source: ODAILY)
