Bitcoin ETFs see largest outflow in months as inflation fears and Fed hawkishness hit markets

Bitcoin spot ETFs experienced a $635 million outflow, the biggest since January, driven by rising inflation data and the confirmation of a hawkish Fed Chair, Kevin Warsh. Inflation reports showed higher-than-expected CPI and PPI, killing hopes for rate cuts and prompting institutional investors to sell Bitcoin ETFs. Bitcoin also hit resistance at $82,000, leading to profit-taking by traders. The upcoming Senate Banking Committee vote on the CLARITY Act could influence whether these outflows reverse, with potential for renewed ETF inflows if the bill passes.