Tuesday's spot ETF data was pretty lukewarm. Aside from Grayscale seeing a slightly larger exit, there were small increases in holdings across the board, including BlackRock investors. This is likely a hedge ahead of the early Thursday morning FOMC meeting. Even though the U.S. and Iran have reached a consensus, nothing is certain until the final agreement is signed or the Strait of Hormuz is fully reopened. As for the upcoming FOMC meeting, it's still unclear what stance Walsh will take. Personally, I think Walsh might lean slightly dovish, but there are differing opinions in the market. Some are worried that, in the face of high inflation, Walsh might opt for continued tightening, which has led to a risk-averse sentiment. Bitget is here, and it's VIP all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.