PANews reported on November 5th that, according to SoSoValue data, on November 4th (Eastern Time), Bitcoin spot ETFs saw a net outflow of $578 million, marking the fifth consecutive day of net outflows. Fidelity FBTC saw the largest net outflow at $357 million, followed by ARKB at $128 million. Currently, the total net asset value of Bitcoin spot ETFs is $134.529 billion, with a cumulative net inflow of $60.422 billion.



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more