Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died

live Updated just now Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 6:02 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin and ether ETFs both bled cash after the Fed turned hawkish US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign the recovery rally has lost its institutional bid. Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows. The bitcoin outflow was broad this time, with even BlackRock's IBIT shedding $31 million and ARKB down $44 million, while every ether fund finished in the red. The trigger was the Federal Reserve. Kevin Warsh's first meeting as chair held rates at 3.50% to 3.75% on Wednesday, as expected, but the projections turned hawkish. The median forecast now sees the policy rate ending 2026 at 3.8%, up from 3.4% in March, and nine of 18 officials penciled in a hike this year. Markets put the odds of an increase as soon as October near 60%. The rate cuts that helped power the bounce are gone. The price tape stalled with the flows. Total crypto market value has held flat near $2.26 trillion since Tuesday's close, and bitcoin has eased to about $63,800, mid-range of the climb it built over the past 11 days, per CoinDesk data. The macro backdrop has flipped. The peace deal that drove the recovery eased inflation fears, but a Fed now leaning toward hikes has replaced the cut bets crypto was counting on. The next tests are October hike odds and whether the ETF bid returns. Latest Crypto News 1 Strategy's STRC preferred stock hits a record low below par 13 minutes ago 2 XRP slips 4% below $1.20 after breakout rally stalls near key resistance 55 minutes ago 3 Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says 55 minutes ago 4 Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks 1 hour ago 5 Next bull run will be slower, less volatile as investors' crypto appetite evolves, Bitwise CIO says 2 hours ago 6 CME chief executive says company plans to sue CFTC after perpetual futures approval 2 hours ago 7 Kentucky targets prediction markets, puts red state in potential clash with Trump team 8 hours ago 8 Fidelity joins Wall Street's race to manage stablecoin reserves 9 hours ago 9 Here is how Coinbase plan to survive the crypto downturn by ditching its reliance on trading fees 10 hours ago 10 Bitcoin layer-2s face a bear-market reality check 10 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Tech Bitcoin layer-2s face a bear-market reality check FIFA wanted Avalanche's blockchain to help curb World Cup ticket scalping. Here's how it's going A new Bittensor proposal would turn validators into something like fund managers