Bitcoin was trading at $75,900 on Wednesday after the Federal Reserve’s latest rate decision sent a chill through crypto markets, capping three straight days of withdrawals from US spot Bitcoin exchange-traded funds that together erased more than $490 million.
Fidelity And BlackRock Lead The Exodus
Fidelity’s FBTC took the heaviest hit, shedding $191 million over the period. BlackRock’s IBIT — the largest spot Bitcoin ETF by assets under management — wasn’t far behind, with close to $167 million flowing out.
Ark Invest’s ARKB recorded another $73.3 million in withdrawals. The selling was spread across the week: Monday saw the worst single-day figure at $263 million, followed by $89.7 million on Tuesday, and $137.6 million on Wednesday — the day the Fed announced its decision.

The outflows came right on the heels of a strong stretch. According to reports, Bitcoin ETFs had pulled in steady money for nine consecutive days before the streak snapped, with total inflows during that run reaching a little over $2 billion. Last week alone brought in almost $824 million. The reversal was sharp.
Fed Holds Firm, Markets Respond
The Federal Reserve kept its benchmark rate unchanged at 3.50%–3.75% for the third meeting in a row. Fed Chair Jerome Powell gave no hint of cuts ahead. No softer tone on inflation. No signal of easier financial conditions on the horizon. That message landed hard on risk assets, and Bitcoin felt it quickly.
At the same time, rising tensions between the US and Iran added to the unease. Reports indicate that US President Donald Trump warned the Strait of Hormuz could be blocked if Iran does not stand down. Global markets were already on edge, and that kind of geopolitical pressure tends to push investors toward the exits.
Meanwhile, fear has returned to the crypto market, with the Crypto Fear and Greed Index falling back into the “Fear” zone as investors grow cautious amid macro uncertainty and continued Bitcoin ETF outflows.

What Comes Next For Bitcoin
Bitcoin had bounced back from a low near $74,000 earlier in the month, briefly pushing toward $80,000 before this week’s pullback. With ETF outflows continuing, that $75,000 level is again in focus as a potential support test.
Data shows Bitcoin dropped about 3% following the Fed’s announcement. Some traders still expect a recovery toward the $85,000–$88,000 range in May, though that outlook depends heavily on whether macro conditions hold steady.
For now, the momentum that built over nine days of inflows has stalled. The question is whether it restarts — or fades further.
Oheinen kuva Pexelsistä, kaavio TradingView:stä.














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