Bitcoin and Ether ETFs See $111M Outflow as Fed Signals Rate Hikes
Bitcoin and ether exchange-traded funds (ETFs) experience a combined outflow of $111 million following a hawkish turn by the Federal Reserve, reports CoinDesk. Bitcoin funds lost $82 million while ether funds shed $29 million, signaling a loss of institutional interest in these assets.
Bitcoin and ether exchange-traded funds (ETFs) have collectively lost $111 million in outflows after the Federal Reserve adopted a hawkish stance on interest rates. Bitcoin funds experienced an outflow of $82 million, while ether funds saw a decline of $29 million, according to SoSoValue data. Notably, BlackRock's iShares Bitcoin Trust (IBIT) shed $31 million, and ARK's ETF experienced a drop of $44 million.
This shift follows Kevin Warsh's initial meeting as chair of the Fed, where the interest rates were held steady between 3.50% and 3.75%, as expected. However, the Fed's updated projections now foresee the policy rate increasing to 3.8% by the end of 2026, up from a previous estimate of 3.4% in March. This change triggered a heightened likelihood of rate hikes, with markets assigning a near 60% chance of an increase occurring as soon as October.
The latest macroeconomic developments have altered the landscape for cryptocurrencies. While a recent peace deal had alleviated inflation concerns, the Fed's pivot toward potential rate hikes has dampened the bullish sentiment that had been buoyed by expectations for cuts. With the total crypto market value remaining stable at around $2.26 trillion, Bitcoin's price has retreated to approximately $63,800, reflecting the mid-range of its recent upward movement.
The immediate focus turns to the potential for interest rate hikes in October and whether institutional interest in ETFs will rebound.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jun 18, 2026. SolanaWire does not republish source content.
Major Cryptocurrencies Decline Amid Selling Pressure on Bitcoin
Major cryptocurrencies, including bitcoin and ether, have fallen for the fourth consecutive day due to increasing selling pressure, as reported by CoinDesk. Concerns surrounding the preferred stock of Strategy continue to weigh on market sentiment, contributing to the overall downturn.
1 hour ago·CoinDesk·Reported by Omkar Godbole
Franklin Templeton Proposes Bitcoin ETFs to Reinvest Stock Dividends
Franklin Templeton has filed with the SEC to launch two exchange-traded funds (ETFs) that will reinvest dividends from U.S. stocks into Bitcoin, according to Decrypt. The proposed funds will track VettaFi's new indices and start with a Bitcoin exposure of 5%, capped at 20%.
2 hours ago·Decrypt·Reported by Decrypt Agent
Strive CEO Attributes Digital Credit Market Selloff to Leverage Liquidations
On June 19, 2026, Strive Asset Management CEO Matt Cole characterized a significant decline in the digital credit market as a "leverage liquidation event" caused by forced selling. This selloff impacted both Strive's STRC and SATA assets; however, Cole noted a strong rebound and emphasized stable credit quality despite the turmoil, according to CoinDesk.
2 hours ago·CoinDesk·Reported by James Van Straten
Microsoft Discovers USB-Borne Malware Targeting Crypto Wallets
Microsoft identifies a malware known as a "crypto clipper" that hijacks crypto wallets, spreading via USB drives. This worm, dubbed Trojan:Win32/CryptoBandits, monitors clipboard activities and can replace wallet addresses with those of attackers, according to CoinDesk.
3 hours ago·CoinDesk·Reported by Omkar Godbole
Trending this week
Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Resigns
Hsiao-Wei Wang resigns from her role as co-executive director of the Ethereum Foundation after returning from a sabbatical, as reported by CoinDesk. Her departure adds to a series of exits from the organization, raising concerns about its governance and strategic direction amid increasing competition in the blockchain space.
20 hours ago·CoinDesk·Reported by Margaux Nijkerk
XRP Falls 3.4% After Losing Key $1.15 Support Level
XRP declined 3.4% to approximately $1.15 on June 19, 2026, following heavy selling that broke the key support level. CoinDesk reports that this sell-off comes as traders monitor the ongoing downtrend exacerbated by failure to maintain momentum above resistance.
7 hours ago·CoinDesk·Reported by Shaurya Malwa
Bitcoin Traders Accumulate Put Options as Prices Approach $52,000
Bitcoin traders are increasingly purchasing short-dated put options on Deribit, anticipating a potential price decline to $52,000. This surge in bearish bets is attributed to a hawkish Federal Reserve, a robust dollar, and pressures on major Bitcoin holders, according to CoinDesk.
7 hours ago·CoinDesk·Reported by Omkar Godbole
Bitcoin Trades Below Mining Cost for Five Months, Impacting Miners
Bitcoin has traded below its mining cost for five consecutive months, causing financial strain for miners, according to a note from JPMorgan cited by CoinDesk. The bank estimates the cost to mine a single bitcoin is approximately $78,000, while current prices hover around $62,500.
7 hours ago·CoinDesk·Reported by Shaurya Malwa