Spot Bitcoin ETFs recorded $82.2 million in net outflows on Wednesday, according to Farside data, as the market digested the Federal Reserve's latest policy reset. Despite the overall exodus, two funds — FBTC and MSBT — continued to draw inflows, signaling a split in investor demand.
The outflows follow the Fed's decision, which also weighed on broader crypto sentiment. Prediction market traders are now pricing lower odds for Bitcoin and Ethereum reaching their next major price targets, reflecting a bearish shift after the central bank's announcement.
On-chain data and derivatives positioning suggest the market is recalibrating expectations. Some traders see the divergence between ETF flows as a sign of uncertainty rather than a uniform retreat, with institutional and retail investors taking different reads on the Fed's posture.
A potential counterargument holds that ETF flows remain a lagging indicator of spot market activity. Critics caution that short-term outflows after a Fed decision may not capture broader accumulation trends or the long-term adoption trajectory of digital assets.