Bitcoin ETF Inflows Snap After 9 Days as Fed Meeting Looms

Bitcoin slipped below $77,000, while U.S. spot Bitcoin ETFs posted a net outflow of $263.2 million, ending a nine-day run of net inflows, according to Huo Xing Finance. The reversal comes ahead of this week's Federal Reserve FOMC meeting, tempering what has otherwise been a resilient rebound in April. Despite the day's pullback, Bitcoin is still up about 15% over the past month and notched an early-April high near $79,000. The pause in ETF inflow momentum is drawing attention as markets head into a macro-heavy week featuring the Fed's policy signals, renewed inflation worries, GDP releases, earnings from major technology companies, and additional rate decisions from central banks across Europe and Asia. Timothy Misir, BRN's Research Director, said the crypto market started the week with encouraging momentum, but competing forces make it hard to frame the move as a straightforward risk-on rally. He added that investors appear to be showing "war fatigue" on the Middle East backdrop, while central banks face the challenge of balancing supply-driven inflation against softening confidence and mixed data. Glassnode struck a similar tone in its latest Weekly Pulse, describing Bitcoin as sitting in a mixed phase of "bullish momentum, cautious sentiment, and consolidation." The firm said strong buy-side pressure is being offset by weaker speculative participation and lower overall trading activity. QCP Capital said Bitcoin has still delivered a solid April rebound and that the broader market structure remains constructive, while flagging $82,000 as a key level, with a nearby CME gap seen as the next major test. Andy Baehr, Managing Director of Asset Management at GSR, said prices are edging "gradually higher," with $80,000 remaining an important psychological threshold.