UNDER THE FRENZIED FRENZY OF THE FED'S INTEREST RATE, BITCOIN ETF ENDED THE FLOW OF FUNDS

On 27 July, the United States-listed Bitcoin ETF experienced a significant outflow of funds at the end of last week, highlighting the vulnerability of Bitcoin to its recent rebound. The withdrawal of more than $465 million from the Bitcoin spot ETF on 23 and 24 July brought to a close the momentum of seven consecutive trading days, as concerns about a possible increase in interest rates in the Fed overshadowed the positive momentum behind the recent Clarity Act. Despite large-scale divestments on the last two trading days, the Bitcoin ETF as a whole recorded an inflow of $33.8 million last week. This marked the third consecutive week of inflow, with $8.3 billion flowing eight weeks before。