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…