On Wednesday, Bitcoin slipped below $100,000, following remarks by Federal Reserve Chair Jerome Powell, who stated that the Fed cannot hold Bitcoin. By the time of writing, Bitcoin had recovered slightly to $101,730, according to CoinMarketCap data.
The price decline coincided with mixed activity in the U.S. Bitcoin ETFs market. While most funds recorded outflows, BlackRock’s IBIT stood out as a major exception, securing $359.63 million in inflows for the day. This strong performance pushed the total net inflows for Wednesday into positive territory, amounting to $275.39 million.
Grayscale’s GBTC fund led the outflows, losing $35.94 million. Invesco’s BTCO fund followed with $25.17 million in outflows, while Bitwise’s BITB saw $16.56 million leave the fund. ARK Invest’s ARKB ETF also recorded a smaller outflow of $6.58 million.